Free Trial

(H18) Bulls Still Need Close....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Bulls Still Need Close Above 97.780 
*RES 4: 97.855 - High Jan 10 
*RES 3: 97.808 - 21-DMA 
*RES 2: 97.780 - High Jan 17 
*RES 1: 97.760 - Low Jan 17 now resistance
*PRICE: 97.750 @ 2030GMT
*SUP 1: 97.730 - High Jan 19 now support 
*SUP 2: 97.690 - 2018 Low Jan 19 
*SUP 3: 97.605 - 2015 Low Dec 12 
*SUP 4: 97.550 - Low Dec 3 2014
*COMMENTARY: O/S daily studies appear to be impact with hesitation ahead of
recent 2018 lows and the contract now recovering lost ground. In saying that,
bulls continue to look for a close above 97.780 to gain breathing room and above
97.855 to confirm a break of the 21-DMA and target a correction back to
$97.910-960. Bears retain the upper hand while the 21-DMA caps but now need a
close back below 97.730 to retain focus on 2015 lows.

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.