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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 MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Key support for today at 0.6941:.......>
AUSSIE TECHS: Key support for today at 0.6941:
*RES 4: 0.7099 200-dma
*RES 3: 0.7069 High Apr 30
*RES 2: 0.7048 High May 7
*RES 1: 0.7034/36 100-dma, cloud top & High Jul 1
*PRICE: 0.6997 @ 04:50 GMT July 3
*SUP 1: 0.6956/55 Low Jul 1 / 50-DMA
*SUP 2: 0.6942 Low Jun 25
*SUP 3: 0.6941 Former bear channel resistance now support
*SUP 4: 0.6926 Low Jun 24
Monday's sharp sell-off in AUDUSD resulted in the formation of a bearish
engulfing candle. Whether this leads to a more significant reversal remains to
be seen. Technical conditions are bullish following last weeks bear channel
breakout. Support now provided by the former channel top is at 0.6941 today and
represents an important level. If this support holds, and the pair moves back
above Monday's high of 0.7036 high, a bearish reversal will have been averted.
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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.