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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Fresh Trend Low
- RES 4: 0.6900 High Jun 16 and a key resistance
- RES 3: 0.6871 High Dec 28 and the bull trigger
- RES 2: 0.6729/71 High Jan 12 / 3
- RES 1: 0.6623 50-day EMA
- PRICE: 0.6546 @ 06:45 GMT Feb 01
- SUP 1: 0.6508 Low Feb 1
- SUP 2: 0.6500 61.8% Fibonacci retracement for Oct - Dec upleg
- SUP 3: 0.6453 Low Nov 17
- SUP 4: 0.6412 76.4% Fibonacci retracement for Oct - Dec upleg
From a trend perspective, a bearish theme in AUDUSD continues to dominate and Thursday’s fresh cycle low, reinforces a bearish theme. The pair has recovered, however, short-term gains are considered corrective. Attention is on 0.6500, a Fibonacci retracement and the next objective. Clearance of this level would further strengthen the current bearish theme. Initial resistance is at 0.6623, the 50-day EMA.
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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.