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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.
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Free AccessMNI China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
Finds Some Support For Now
- RES 4: 0.6993 76.4% retracement of the Feb 2 - May 31 bear leg
- RES 3: 0.6936 High Feb 16
- RES 2: 0.6900 High Jun 16 and key resistance
- RES 1: 0.6847 High Jul 20
- PRICE: 0.6788 @ 07:54 BST Jul 25
- SUP 1: 0.6719/15 50-day EMA / Low Jul 24
- SUP 2: 0.6651 Low Jul 11
- SUP 3: 0.6619 Low Jul 7
- SUP 4: 0.6596 Low Jun 29 and key support
AUDUSD remains in a bearish cycle but has managed to find some support. Price has pierced the 50-day EMA - at 0.6719. An extension lower would pave the way for a move towards 0.6651, the Jul 11 low. Further out, the next key support level lies at 0.6596, the Jun 29 low. On the upside, a stronger reversal higher would refocus attention initially on 0.6847, the Jul 20 high. The key bull trigger is at 0.6900, the Jun 26 high.
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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.