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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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Free AccessMNI ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
MNI ASIA MARKETS ANALYSIS: South Korea Rescinds Martial Law
Key Support Between $0.7333-$0.7299....>
AUSSIE TECHS: Key Support Between $0.7333-$0.7299 Today
*RES 4: $0.7529 Jun 13 low, now resistance
*RES 3: $0.7476/81 May 29 low, Jun 15 high
*RES 2: $0.7425 Jun 20 high
*RES 1: $0.7395/05 Hourly resistance
*PRICE: $0.7361 @0925GMT
*SUP 1: $0.7327/33 61.8% of $0.6827-$0.8136, May 9 2017 low
*SUP 2: $0.7299 1.618 swing of $0.7347-$0.7425
*SUP 3: $0.7259 2018 bear channel base projection
*SUP 4: $0.7248 1.618 swing of $0.7412-$0.7677
*COMMENTARY* Tuesday's fall to $0.7347 duelling with the lower 2% volatility
band, which has dropped to $0.7328 today, to join with support from the long
term 61.8% Fibo retrace at $0.7327. This is the protection against a further
$0.7299-$0.7248 fall. Always cautious if the 2% band is exceeded, as
historically this is never long lived. Meanwhile, $0.7395-$0.7425 provides
resistance to any better correction of losses from the Jun 6 high at $0.7677.
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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.