Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
AUSSIE TECHS: Fed Lends a Hand
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6907 2% Upper Bollinger Band
*RES 1: 0.6895 High Sep 12 and potential double bottom midpoint
*PRICE: 0.6894 @ 19:06 GMT Oct 30
*SUP 1: 0.6809 Low Oct 25
*SUP 2: 0.6777/52 Trendline support drawn off Oct 2 low / Low Oct 17
*SUP 3: 0.6724 Low Oct 16
AUDUSD traded well for much of the Wednesday session and received a decent late
boost from the Fed rate decision, which allowed the pair to spill above the
October highs. These gains continue to play into the hands of bulls, with a firm
S/T support defined at Friday's 0.6809 low. A move below this level is needed to
dent the recent bounce and expose a deeper correction towards trendline support
drawn off the Oct 2 low, at 0.6777. For now, the focus is 0.6895, Sep 12 high
and the midpoint of a potential broad double bottom.