Free Trial

Finds Resistance *RES 4: 0.7200........>

AUSSIE TECHS
AUSSIE TECHS: Finds Resistance
*RES 4: 0.7200 Round number resistance
*RES 3: 0.7119 1.618 projection of Mar 19 - 31 rally from Apr 3 low
*RES 2: 0.7082 High Jul 19, 2019
*RES 1: 0.7041 Intraday high
*PRICE: 0.6959 @ 16:50 BST Jun 9
*SUP 1: 0.6883 Low Jun 4
*SUP 2: 0.6857 Low Jun 3 and key near-term support
*SUP 3: 0.6775 Low Jun 2
*SUP 4: 0.6716 20-day EMA
AUDUSD shed some of the recent gains Tuesday following a rejection off the
earlier high of 0.7041. For now the move is being viewed as a correction, with
attention on support at 0.6857, Jun 3 low. A break of this support would suggest
scope for a deeper near-term pullback and open 0.6775, Jun 2 low initially. A
return above Tuesday's high of 0.7041 is required to negate any developing
bearish concerns and reinstate the recent bullish recovery.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.