Free Trial

Immediate Focus On 200-DMA *RES...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Immediate Focus On 200-DMA
*RES 4: A$1.5771 - Monthly Low Apr 13 now resistance
*RES 3: A$1.5739 - 100-DMA
*RES 2: A$1.5651 - Low May 19 now resistance
*RES 1: A$1.5598 - Monthly Low Feb 20 now resistance
*PRICE: A$1.5544 @ 2130GMT
*SUP 1: A$1.5471 - 200-DMA 
*SUP 2: A$1.5390 - Low Feb 1 
*SUP 3: A$1.5318 - 55-WMA 
*SUP 4: A$1.5256 - Low Jan 29
*COMMENTARY: The pair is gaining traction following the break of the weekly bull
channel base off 2017 lows with immediate focus now on the 200-DMA. Bears need a
close below to 200-DMA to initially target the 55-WMA and then 2018 lows
(A$1.5152). O/S daily studies are seen as the key concern for b ears. Bulls now
need a close above A$1.5598 to gain breathing room and above A$1.5771 to shift
focus higher.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });