Free Trial

USD/CNH Bid Post Lower CNY Fixing Error


VIEW: Westpac Lift Terminal Rate Call

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
CABLE TECHS: Focus Is On Corrective Pullback
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2950 High Oct 24
*PRICE: 1.2880 @ 09:50 GMT Oct 30
*SUP 1: 1.2789 Low Oct 24
*SUP 2: 1.2750/15 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD recovered off the day low however closed the day unchanged. The pullback
in Cable from Oct 21 is still viewed as a correction and there remains the
possibility we'll still see a deeper sell-off before bullish activity resumes,
as the recent uptrend has been steep. The trigger is 1.2789, Oct 24 low. Support
is seen around 1.2715, the 200-DMA and 1.2603, Oct 15 low. Overall, bullish
trend conditions remain intact, the bull trigger is 1.3013, Oct 21 high.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.