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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
Heavy tone still dominates: *RES 4:..........>
AUSSIE: Heavy tone still dominates:
*RES 4: 0.7085/82 200-dma / High Jul 19
*RES 3: 0.7011/36 100-dma / High Jul 23
*RES 2: 0.6984 High Jul 25
*RES 1: 0.6955 High Jul 26
*PRICE: 0.6901 @ 05:03 GMT July 30
*SUP 1: 0.6891 76.4% retracement 0.6832-0.7082
*SUP 2: 0.6872 76.4% retracement 0.6741-0.7295
*SUP 3: 0.6832 Mid-June low
*SUP 4: 0.6741 Flash crash low
AUDUSD traded heavily Monday, extending the recent losing streak to seven
consecutive sessions. Friday's sell off saw the pair break below the cloud base,
key Fibonacci support at 0.6927 and the July 10 low of 0.6911 to weaken the
outlook materially. This fed through well into the new week, with eyes turning
to support at the Fibonacci levels of 0.6891/0.6872. Bulls need to recover above
the 0.7000 handle to change the outlook.
To read the full story
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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.