Free Trial

Hits Bull Trigger

  • RES 4: 0.7917 High Mar 14, 2018 and a key resistance
  • RES 3: 0.7915 2.0% 10-dma envelope
  • RES 2: 0.7885 High Mar 15. 2018
  • RES 1: 0.7877 High Feb 19
  • PRICE: 0.7871 @ 19:50 GMT Feb 21
  • SUP 1: 0.7718 20-day EMA
  • SUP 2: 0.7651 Low Feb 8
  • SUP 3: 0.7583/64 Low Feb 5 / Low Feb 2 and the bear trigger
  • SUP 4: 0.7557 Low Dec 28

AUDUSD maintains a bullish posture with scope for further gains. Price action on Feb 5 highlighted a reversal signal following the inability to clear the 50-day EMA. The pair has breached resistance at 0.7820, Jan 6 high and the bull trigger. This opens 0.7915 as the next upside target. On the downside, a break of 0.7564, Feb 2 low is required to highlight a broader reversal. Initial support lies at 0.7718, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 |

To read the full story



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.