Free Trial

Heading North

AUDUSD TECHS
  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7503 High Jul 13
  • RES 2: 0.7478 High Sep 3 and the bull trigger
  • RES 1: 0.7440 High Oct 15
  • PRICE: 0.7418 @ 16:41 BST Oct 15
  • SUP 1: 0.7332 50-day EMA
  • SUP 2: 0.7288 Low Oct 8
  • SUP 3: 0.7226/7170 Low Oct 6 / Low Sep 29
  • SUP 4: 0.7106 Low Aug 20 key support

AUDUSD maintains a firmer short-term tone with the pair holding above the 20- and 50-day EMAs. The break above these averages suggests scope for an extension of gains. The focus is on 0.7478, Sep 3 high and a key short-term resistance. A breach of this hurdle would strengthen a bullish case and remove recent bearish considerations. Initial firm support is seen at 0.7332, the 50-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.