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Free AccessMNI EUROPEAN OPEN: NZD Firmer Post RBNZ, USD/JPY Dips Further
MNI: PBOC Net Drains CNY33.8 Bln via OMO Wednesday
(H0) Within Reach Of 112.020...........>
SCHATZ TECHS: (H0) Within Reach Of 112.020 Resistance
*RES 4: 112.060 1.00 projection of Dec 2 Dec 4 rally from Dec 6 low
*RES 3: 112.045 High Nov 20
*RES 2: 112.030 High Nov 22
*RES 1: 112.020 High Nov 28, High Dec 4 and Intraday high
*PRICE: 112.015 @ 04:54 GMT Dec 12
*SUP 1: 111.955 Low Dec 6
*SUP 2: 111.920 Low Dec 3
*SUP 3: 111.915 Low Dec 2 and bear trigger
*SUP 4: 111.890 1.00 projection of Nov 20 - Dec 2 decline from Dec 4 high
H0 Schatz continued to push higher yesterday and is now within reach of 112.02.
Recent activity has highlighted 112.020, Dec 4 high and 111.915, Dec 2 low as
the key short-term directional triggers. If the recovery on Dec 3 is an early
bullish reversal signal, price will need to clear 112.02. Note in candle terms,
the candle pattern on Dec 3 is a bullish engulfing and a break of 112.020 would
confirm a reversal. Sub 111.915 resumes the downtrend.
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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.