Free Trial

Looking To Gain Traction Above.........>

AUSSIE TECHS
AUSSIE TECHS: Looking To Gain Traction Above 21-DMA
*RES 4: $0.7811 - 200-DMA
*RES 3: $0.7794 - Falling daily TL off 2018 high
*RES 2: $0.7784 - High Mar 22
*RES 1: $0.7756 - 200-WMA
*PRICE: $0.7727 @ 0430GMT
*SUP 1: $0.7718 - 21-DMA 
*SUP 2: $0.7691 - Hourly support Apr 10 
*SUP 3: $0.7634 - 100-WMA 
*SUP 4: $0.7630 - Low Dec 14
*COMMENTARY: Bulls take comfort as the pair looks to gain traction above the
21-DMA with layers of resistance $0.7756-0.7842 where WMA & DMAs and the falling
TL off 2018 highs are found. Bulls need a close above $0.7842 to end bearish
hopes and shift initial focus to $0.7916 and overall focus back to $0.8135-62.
Bears need a close below $0.7691 to gain breathing room and below $0.7630 to
confirm a break of the 100-WMA and reconfirm focus on $0.7500-86.

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.