Free Trial

Maintaining the Themes The key.........>

AUSSIE TECHS
AUSSIE TECHS: Maintaining the Themes
The key themes remain for AUDUSD, major support is being found from the broken
up trendline at 0.7226 with the 61.8% retracement from 0.6828-0.8136. At the
time of writing, the cross was also flirting with the 100-dma at 0.7252 while
0.7200 provided short-term support yesterday. Bulls now needs to take out the
Nov 16 high at 0.7338 to reignite upside momentum. For bears to regain control
we need to close below the 50-dma at 0.7176 and the Nov 13 low at 0.7164.

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.