Free Trial

(H0) Vulnerability Resumes......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H0) Vulnerability Resumes
*RES 4: 99.400 - Low Nov 29
*RES 3: 99.360 - High Dec 12
*RES 2: 99.335 - High Dec 13
*RES 1: 99.300 - High Dec 17
*PRICE: 99.170 @ 15:56 GMT Dec 19
*SUP 1: 99.160 - Low Dec 19
*SUP 2: 99.139 - 1.382 projection of Nov 29 - Dec 3 decline from Dec 10 high
*SUP 3: 99.120 - 1.500 projection of Nov 29 - Dec 3 decline from Oct 25 high
*SUP 4: 99.077 - 200-dma
Selling pressure resumed Thursday, pressuring prices to new weekly lows of
99.160 as the outlook returns to bearish. The slip through 99.200 Thursday is
significant and prefaced a show below 99.162. This opens the 99.139 Fibonacci
projection level and the 200-dma below at 99.077. On the upside, resistance is
at 99.335, Dec 13 high.

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.