Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Flips Bearish

  • RES 4: 0.7245 2.00 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 3: 0.7202 High Jun 9
  • RES 2: 0.7172 1.764 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 1: 0.7082/0.7158 High Feb 3 / 2 and the bull trigger
  • PRICE: 0.6726 @ 15:57 GMT Feb 24
  • SUP 1: 0.6725 100-dma
  • SUP 2: 0.6719 Low Feb 24
  • SUP 3: 0.6688 Low Jan 3
  • SUP 4: 0.6629 Low Dec 20

AUDUSD’s February downtrend accelerated Friday, with the pair hitting a new pullback low at 0.6719. This makes for a clean break of the 200-dma at 0.6801 and opens fresh losses toward Dec lows at 0.6629. The 100-dma has contained the fallout so far, but a break below here would be bearish at 0.6725. Technical conditions are yet to hit oversold, leaving a lower likelihood of a corrective recovery at this stage.

MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to


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.