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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: Monday, November 25
Focus On $0.7690-0.7733 This Week......>
AUSSIE TECHS: Focus On $0.7690-0.7733 This Week
*RES 4: $0.7905 - 55-DMA
*RES 3: $0.7884 - High Oct 19
*RES 2: $0.7856 - Hourly resistance Oct 20a
*RES 1: $0.7829 - Hourly resistance Oct 20
*PRICE: $0.7824 @ 0430GMT
*SUP 1: $0.7800 - Hourly support Oct 23
*SUP 2: $0.7765 - Low Oct 11
*SUP 3: $0.7748 - Bollinger band base
*SUP 4: $0.7733 - Low Oct 6
*COMMENTARY: Bears gain confidence as the pair trades below 21 ($0.7834) & 100
($0.7823) DMAs to start the new week. Having remained capped ahead of the 55-DMA
bears now focus on the $0.7690-0.7733 region where the 200-DMA and Oct lows are
noted. Below the 200-DMA hints at a move initially targeting $0.7513. Layers of
resistance are building and weighing with bulls needing a close above the 55-DMA
to end bearish hopes and shift initial focus back to $0.7986.
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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.