Free Trial

(H18) Pressuring 21-DMA *RES...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Pressuring 21-DMA 
*RES 4: 97.970 - 55-DMA 
*RES 3: 97.945 - 100-DMA 
*RES 2: 97.910 - Hourly resistance Dec 18 
*RES 1: 97.904 - 21-DMA
*PRICE: 97.875 @ 2030GMT
*SUP 1: 97.850 - Hourly resistance Jan 4 now support 
*SUP 2: 97.770 - Low Sept 22 
*SUP 3: 97.720 - 2017 Low Sept 21 
*SUP 4: 97.605 - 2015 Low Dec 12
*COMMENTARY: O/S daily studies appear to be impacting with hesitation ahead of
the 97.720-770 support region resulting in a close above 97.855 Friday, easing
bearish pressure and shifting focus to 97.904-970 where key DMAs are situated.
Initial support remains in place at 97.850 with bears needing a close below to
reconfirm dominance and shift focus back to 97.720-770.

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.