Free Trial

(M18) Above 97.870 To Ease......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M18) Above 97.870 To Ease Bearish Pressure 
*RES 4: 97.939 - 200-DMA 
*RES 3: 97.935 - High Mar 15 
*RES 2: 97.901 - 100-DMA 
*RES 1: 97.870 - Lows Mar 16 & 19 now resistance
*PRICE: 97.835 @ 2030GMT
*SUP 1: 97.810 - Hourly support Mar 23 
*SUP 2: 97.745 - Low Mar 21 
*SUP 3: 97.705 - 2018 Low Jan 31 
*SUP 4: 97.604 - 2015 Low Dec 15 2015
*COMMENTARY: Volatile trading continues with the contract recovering from 2mth
lows and flirting with the 55-DMA (97.837). Bulls still need a close above
97.870 to ease bearish pressure and above the 100-DMA to return focus to
97.935-993 where key WMAs, the 200-DMA and daily bear channel top are noted.
Bears continue to focus on 2018 lows while the 97.870 caps and need a close
below 97.810 to add weight to their case.

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.