Free Trial

Focus Shifts To A$1.5618-51.......>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Focus Shifts To A$1.5618-51
*RES 4: A$1.5756 - 100-DMA
*RES 3: A$1.5670 - Bollinger band top
*RES 2: A$1.5651 - Low May 19 now resistance
*RES 1: A$1.5618 - High May 23
*PRICE: A$1.5561 @ 2130GMT
*SUP 1: A$1.5510 - 200-DMA 
*SUP 2: A$1.5470 - Hourly support June 12 
*SUP 3: A$1.5439 - Low June 12 
*SUP 4: A$1.5391 - High June 6 now support
*COMMENTARY: Bulls took comfort in the failure to close below the 55-WMA
(A$1.5345) last week with the close above A$1.5558 and bear channel top
confirming initial focus on A$1.5618-51 and hinting at a move to A$1.5756-70
where 55 & 100-DMAs are noted. The 200-DMA is now initial support but bears look
for a close below A$1.5470 to ease renewed bullish pressure and below A$1.5391
to shift initial focus to A$1.5256-74.

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' }); });