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Free Access(H18) Below 21-DMA Targets......>
AUSSIE 3-YEAR TECHS: (H18) Below 21-DMA Targets 2018 Low
*RES 4: 97.890 - High Feb 9
*RES 3: 97.875 - High Feb 14
*RES 2: 97.868 - 55-DMA
*RES 1: 97.850 - Hourly support Feb 14 now resistance
*PRICE: 97.815 @ 2030GMT
*SUP 1: 97.792 - 21-DMA
*SUP 2: 97.790 - Low Feb 8
*SUP 3: 97.755 - Low Feb 5
*SUP 4: 97.705 - Low Jan 31
*COMMENTARY: Hesitation around the 55-DMA has taken its toll with correcting
modestly O/B studies adding weight to the bearish case. Bears take comfort in
the close below 97.830 with the 97.850-905 resistance region now key. Bears now
focus on a close below the 21-DMA to return focus to 97.690-705 with a close
below 97.755 to add weight to their case. Bulls now need a close above 97.850 to
gain breathing room and above 97.905 to shift focus higher.
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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.