Free Trial

(H18) 97.900 Support Remains....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) 97.900 Support Remains Key 
*RES 4: 98.110 - High Nov 28 & 29 
*RES 3: 98.065 - Hourly resistance Dec 4, High Dec 8 
*RES 2: 98.015 - High Dec 12 
*RES 1: 98.975 - 55-DMA
*PRICE: 97.925 @ 2030GMT
*SUP 1: 97.900 - Low Oct 27 
*SUP 2: 97.820 - Repeated daily lows 
*SUP 3: 97.770 - Low Sept 22 
*SUP 4: 97.720 - 2017 Low Sept 21
*COMMENTARY: Bears took comfort in the closes below the key 97.960 level with
overall focus now on 2017 lows. Bears look for a close below 97.900 to add
weight to their case. The Bollinger base (97.926) is the key concern for bears
and limits follow through. Bulls still need a close above 55 & 100-DMAs to ease
bearish pressure and above 98.065 to shift focus back to 98.110-130.

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.