Free Trial

Firmer Start To The Week

AUSSIE TECHS
  • RES 4: 0.7464 High Jul 25, 2018
  • RES 3: 0.7414 High Sep 1 and the bull trigger
  • RES 2: 0.7362 76.4% retracement of the of the Sep 1 - 9 sell-off
  • RES 1: 0.7340 High Sep 3
  • PRICE: 0.7324 @ 10:45 BST Sep 15
  • SUP 1: 0.7248 Low Sep 10
  • SUP 2: 0.7192 Low Sep 9 and a key support
  • SUP 3: 0.7152 50-day EMA
  • SUP 4: 0.7136 Low Aug 20 and the bear trigger

AUDUSD maintains a bullish theme and has started the week on a slightly firmer note.The strong rally Aug 8 confirmed a clear break of former resistance at 0.7276, Aug 19 high. The breach resumed the underlying uptrend and maintains the bullish price sequence of higher highs and higher lows. 0.7414, Sep 1 high is the trigger for a resumption of the uptrend. Initial firm support is 0.7192, Sep 9 low. The key support is at 0.7136, Aug 20 low.

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.