Free Trial

(H18) Above 97.910 To Shift.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Above 97.910 To Shift Focus Higher 
*RES 4: 97.885 - High Feb 6 
*RES 3: 97.882 - 55-DMA 
*RES 2: 97.855 - High Feb 7 
*RES 1: 97.840 - High Feb 8
*PRICE: 97.820 @ 2030GMT
*SUP 1: 97.790 - Low Feb 8 
*SUP 2: 97.755 - Low Feb 5 
*SUP 3: 97.705 - Low Jan 31 
*SUP 4: 97.690 - 2018 Low Jan 19
*COMMENTARY: The recovery from 2018 lows is looking in trouble having been
aggressively rejected ahead of 55 & 100-DMAs Tuesday and remaining capped on
attempts to rally since. Bulls look for a close above 97.910 to confirm breaks
of DMAs and shift focus to 97.995-98.015 where the 200-DMA is located. The
97.755 support remains key. Bears need a close below 97.755 to see focus return
to the 97.690-705 support region.

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.