Free Trial

Long-term Trendline Holds AUDUSD.......>

AUSSIE TECHS
AUSSIE TECHS: Long-term Trendline Holds
AUDUSD remains locked in its downtrend with the 50-dma & long-term trendline
resistance off the Jan 26 high capping gains. A close above 0.7296 is needed to
shift the short-term outlook bullish targeting the 100-dma at 0.7390. Failure to
hold above 0.7200 would bring the Sep 11 YTD low at 0.7085 back into play. Below
there, the 0.7000 psychological level is reported to hold option-related
support.

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.