MNI BRIEF: Canada PM Carney Derides Trump's 51st State Idea

MNI BRIEF: Carney Sworn In As PM, Names Champagne To Finance

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUDUSD TECHS: Key Resistance Levels Remains Intact For Now

AUDUSD TECHS
USForeign Exchange Technical AnalysisAPACAustraliaBulletMarketsForeign Exchange BulletsNorth America
  • RES 4: 0.6429 High Dec 12 
  • RES 3: 0.6384 High Dec 13               
  • RES 2: 0.6331 High Jan 24 and a key resistance   
  • RES 1: 0.6300/09 50-day EMA / High Feb 12 
  • PRICE: 0.6299 @ 16:30 GMT Feb 13 
  • SUP 1: 0.6171/6088 Low Feb 4 / 3
  • SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
  • SUP 3: 0.6000 Round number support
  • SUP 4: 0.5931 1.764 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD traded slightly positive into the close but largely trades within the recent range. Despite recent gains, the trend structure remains bearish. Key resistance is at 0.6300 (pierced), the 50-day EMA, and 0.6331, the Jan 24 high. A clear break of both levels is required to highlight a stronger reversal. On the downside, a resumption of weakness would refocus attention on 0.6088, the Feb 3 low, and the bear trigger.     

150 words

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.
  • RES 4: 0.6429 High Dec 12 
  • RES 3: 0.6384 High Dec 13               
  • RES 2: 0.6331 High Jan 24 and a key resistance   
  • RES 1: 0.6300/09 50-day EMA / High Feb 12 
  • PRICE: 0.6299 @ 16:30 GMT Feb 13 
  • SUP 1: 0.6171/6088 Low Feb 4 / 3
  • SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
  • SUP 3: 0.6000 Round number support
  • SUP 4: 0.5931 1.764 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD traded slightly positive into the close but largely trades within the recent range. Despite recent gains, the trend structure remains bearish. Key resistance is at 0.6300 (pierced), the 50-day EMA, and 0.6331, the Jan 24 high. A clear break of both levels is required to highlight a stronger reversal. On the downside, a resumption of weakness would refocus attention on 0.6088, the Feb 3 low, and the bear trigger.