Free Trial

(H18) Below 97.790 To...........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Below 97.790 To Reconfirm Focus on 2018 Low 
*RES 4: 97.890 - High Feb 9 
*RES 3: 97.875 - High Feb 14 
*RES 2: 97.859 - 55-DMA 
*RES 1: 97.855 - High Feb 15
*PRICE: 97.840 @ 2030GMT
*SUP 1: 97.820 - Low Feb 15 
*SUP 2: 97.803 - 21-DMA 
*SUP 3: 97.790 - Low Feb 8 
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: Hesitation around the 55-DMA has taken its toll with correcting
modestly O/B studies adding weight to the bearish case. In saying that, bears
still need a close below 97.790 to confirm a break of the 21-DMA and return
focus to 97.690-705 with a close below 97.755 to add weight to their case. Bulls
still need a close above 97.875 to gain breathing room and above 97.905 to shift
focus to 97.950-98.015.

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.