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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Lower 1% Volatility Band Still.........>
AUSSIE TECHS: Lower 1% Volatility Band Still Dictating Pace Of Fall
*RES 4: $0.7666 Nov 13 high
*RES 3: $0.7627 Nov 7 low, now resistance
*RES 2: $0.7608/10 Nov 17, Nov 16 highs
*RES 1: $0.7590 Hourly resistance
*PRICE: $0.7584 @1656GMT
*SUP 1: $0.7532/35 1% volatility band, Jun 22 low
*SUP 2: $0.7520 76.4% Fibo of $0.7333-$0.8126
*SUP 3: $0.7505 Equality fall from $0.7898
*SUP 4: $0.7456 2% volatility band
*COMMENTARY* Continues to try to push lower but is finding it increasingly
difficult to deal with support from above the lower 1% volatility band. That
said, the upside has yet to show any determination to make a recovery. The
initial resistance from $0.7590 still capping near term rallies. Will need back
above here and then $0.7608-$0.7610, if an eventual test of the 76.4% Fibo at
$0.7520 is to be avoided.
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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.