Free Trial

Gains Extend AUDUSD touched as high....>

AUSSIE TECHS
AUSSIE TECHS: Gains Extend
AUDUSD touched as high as 0.7300 yesterday as the rally extended towards the Sep
26 high at 0.7315. Above here would open the 0.7400 congestion zone ahead of a
potential return to the 200-dma at 0.74470. Bears need a break back below the
50-dma at 0.7160 to test broken down trendline resistance-turned-support from
the Feb highs, which comes in at 0.7150. Below here re-opens the Oct 26 low at
0.7021.

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.