Free Trial

Looking To Close Above 200-DMA.........>

AUSSIE TECHS
AUSSIE TECHS: Looking To Close Above 200-DMA
Positive China GDP data has helped lift AUDUSD through its key 200-dma at
0.7191, with the pair spiking as high as 0.7206. A close above the 200-dma is
needed to shift the outlook firmly bullish and shift the focus to the ytd high
at 0.7295. Bears need a break back under the 100-dma to shift the focus towards
the 0.71 handle. Below here opens the 38.2% retracement & Mar 29 low at
0.7083/73.

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.