Free Trial

Limited Upside AUDUSD extended the.....>

AUSSIE TECHS
AUSSIE TECHS: Limited Upside
AUDUSD extended the downtrend to multi-month lows of 0.6871 and is currently
displaying a clean sweep of bearish sentiment, according to the MNI FX Technical
Signal Monitor. Near-term support is seen at 0.6872 which marks the 76.4%
retracement of the year's range. Below here opens the 0.6825/40 area which
registered a previous series of lows through Jan 2016. Bulls need a close above
the 0.69 level to return the focus to the 100-hma & May 16 high at 0.6930/33.

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.