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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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Free AccessFresh Up-Trend Established: *RES 4:....>
AUSSIE TECHS: Fresh Up-Trend Established:
*RES 4: 0.6895 High Sep 12 and key resistance
*RES 3: 0.6870 High Sep 17
*RES 2: 0.6831 High Sep 19
*RES 1: 0.6811 High Oct 11
*PRICE: 0.6762 @ 15:12 GMT Oct 14
*SUP 1: 0.6753 Low Oct 11
*SUP 2: 0.6710 Low Oct
*SUP 3: 0.6671 Low Oct 2
*SUP 4: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
AUDUSD extended gains Friday, breaching initial key resistance at 0.6781. This
opens 0.6895 next, with momentum indicators also in support as they point north.
Furthermore, a price sequence of higher highs and higher lows has been
established confirming a fresh uptrend. On the downside, a clear short-term
support has been defined at Thursday's low of 0.6710. A break would alter the
picture. Initial support is at 0.6753.
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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.