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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.
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Free AccessMNI US OPEN - RBA Holds, Communication Turns Slightly Dovish
MNI China Daily Summary: Tuesday, December 10
Key Support Pierced
- RES 4: 0.7040 High Aug 16
- RES 3: 0.7009 High Aug 26 and a key short-term resistance
- RES 2: 0.6956 High Aug 30
- RES 1: 0.6814/6916 20-day EMA / High Sep 13 and a key resistance
- PRICE: 0.6698 @ 06:56 BST Sep 19
- SUP 1: 0.6670 Low Sep 16
- SUP 2 0.6647 0.764 proj of the Apr 5 - May 12 - Jun 3 price swing
- SUP 3: 0.6612 Low May 29
- SUP 4: 0.6568 Low May 27 2020
A bearish threat in AUDUSD remains present. The pair traded lower last week and breached support at 0.6699, the Sep 7 low. The focus is on 0.6682, the Jul 14 low, which was pierced Friday A clear break of this chart point would confirm a resumption of the broader downtrend, strengthen bearish conditions and open 0.6647 initially, a Fibonacci projection. The Sep 13 high of 0.6916 marks a key short-term resistance.
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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.