MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gains Considered Corrective

AUDUSD TECHS
  • RES 4: 0.7503 High Jul 13
  • RES 3: 0.7478 High Sep 3 and the bull trigger
  • RES 2: 0.7410 High Sep 10
  • RES 1: 0.7325 50-day EMA
  • PRICE: 0.7299 @ 06:45 BST Oct 8
  • SUP 1: 0.7226/7170 Low Oct 6 / Low Sep 29
  • SUP 2: 0.7115/06 / 2.0% 10-dma envelope / Low Aug 20 bear trigger
  • SUP 3: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend
  • SUP 4: 0.6991 Low Nov 2, 2020

AUDUSD is firmer however the outlook remains fragile following recent weakness. 0.7194 has been cleared, 76.4% of the Aug 20 - Sep 3 rally and this sets the scene for a move towards 0.7106, the Aug 20 low and the bear trigger. A break would confirm a resumption of the broader downtrend that started late February. Initial firm resistance is seen at 0.7325, the 50-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.