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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 AccessFurther Recovery Requires Sustained....>
AUSSIE TECHS: Further Recovery Requires Sustained $0.7565-$0.7567 Break
*RES 4: $0.7641 1.618 swing of $0.7567-$0.7447
*RES 3: $0.7602/12 Equality rise target, 50% $0.7813-$0.7412
*RES 2: $0.7583 1% volatility band
*RES 1: $0.7567/70 May 11, intraday highs
*PRICE: $0.7564 @1555GMT
*SUP 1: $0.7520 Hourly support
*SUP 2: $0.7503 Intraday low
*SUP 3: $0.7477/88 Hourly base may 16, May 18 low
*SUP 4: $0.7447 May 16 low
*COMMENTARY* Rally today has seen a fresh challenge to the key $0.7565-$0.7567
area. A high of $0.7570 before slipping slightly. It is through here that is
needed before any real chance of a recovery will appear and with it a higher
correction of the losses sustained since the Apr 19 high at 0.7813. Meanwhile,
while capped here, then look to $0.7520 and then the day's $0.7503 low for
support and protection against a $0.7488-$0.7477 return.
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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.