Free Trial

Focus Returns to..................>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Focus Returns to A$1.5178-1.5239 
*RES 4: A$1.5364 - High June 16 2016
*RES 3: A$1.5298 - High June 20 2016
*RES 2: A$1.5239 - 2017 High Oct 11
*RES 1: A$1.5178 - Hourly resistance Oct 12
*PRICE: A$1.5116 @ 2000GMT
*SUP 1: A$1.5097 - Hourly support Oct 24 
*SUP 2: A$1.5087 - High Oct 20 now support 
*SUP 3: A$1.5008 - Low Oct 23 
*SUP 4: A$1.4991 - Daily Bull channel base
*COMMENTARY: Despite recently remaining heavy, bears have failed to trouble the
key A$1.4900-1.4991 support region where 55 & 100-DMAs and the bull channel base
are situated. Bulls still need close above A$1.5105 to confirm a shift in focus
to tests of 2017 highs. Bears now look for a close below A$1.5087 to ease
immediate bullish pressure and return focus to A$1.4900-97 with below the
100-DMA to shift immediate focus to A$1.4790.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });