Free Trial

Lower Lows The earlier breach of.......>

AUSSIE TECHS
AUSSIE TECHS: Lower Lows
The earlier breach of channel base support amid a broadly stronger dollar keeps
the downtrend intact, suggesting further losses in the short-term. AUDUSD
continues to print lower lows, maintaining outright bearish signals on an
intraday and cloud basis. Focus turns to the 1.618% swing target at 0.7092,
ahead of the key 0.7000 psychological level. Bulls need a break back above
0.7305/10 to change the short-term outlook and target the August highs of
0.7453.

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.