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Free AccessHesitating Ahead Of Key Resistance.....>
AUSSIE TECHS: Hesitating Ahead Of Key Resistance Layers
*RES 4: $0.7916 - High Mar 14
*RES 3: $0.7842 - Alternating daily support/resistance
*RES 2: $0.7814 - 200-DMA
*RES 1: $0.7801 - 55-DMA
*PRICE: $0.7770 @ 2130GMT
*SUP 1: $0.7735 - Low Apr 12
*SUP 2: $0.7710 - 21-DMA
*SUP 3: $0.7691 - Hourly support Apr 10
*SUP 4: $0.7641 - 100-WMA
*COMMENTARY: The $0.7842 resistance remains key this week with bulls needing a
close above to confirm breaks of 55 & 200-DMAs and the falling daily TL
($0.7768). $0.7735 provided the base for Friday's rally with bears needing a
close below to gain breathing room and below the 21-DMA to return initial focus
to 2018 lows and the 100-WMA. Overall bears need a close below the weekly bull
channel base ($0.7594) off 2016 lows to initially target $0.7500.
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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.