-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
MNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
MNI Asian Morning FX Technical Analysis
18 October 2017
By Kyle Shortland
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/h8lzqnc
AUSSIE TECHS: Bears Need Close Below 100-DMA
*RES 4: $0.7912 - 55-DMA
*RES 3: $0.7907 - Low Sept 22 now resistance
*RES 2: $0.7876 - Hourly resistance Oct 15
*RES 1: $0.7862 - Hourly resistance Oct 16
*PRICE: $0.7846 @ 2000GMT
*SUP 1: $0.7807 - 100-DMA
*SUP 2: $0.7765 - Low Oct 11
*SUP 3: $0.7733 - Low Oct 6
*SUP 4: $0.7712 - High June 30 now support
*COMMENTARY: With bulls now needing a close above the 55-DMA to end bearish
hopes and initially target $0.7986, bears take comfort in the pair remaining
capped ahead of the 55-DMA to start the new week. Bears continue to look for a
close below the 100-DMA to shift focus back to $0.7682-0.7733. Daily studies are
currently lingering around neutral levels and providing few clues.
KIWI TECHS: 100-DMA Resistance Remains Key
*RES 4: $0.7264 - 100-DMA
*RES 3: $0.7241 - 55-DMA
*RES 2: $0.7207 - High Oct 17
*RES 1: $0.7186 - Hourly resistance Oct 17
*PRICE: $0.7166 @ 2000GMT
*SUP 1: $0.7147 - Low Oct 17
*SUP 2: $0.7122 - Low Oct 13
*SUP 3: $0.7102 - Hourly support Oct 12
*SUP 4: $0.7055 - Low Oct 9
*COMMENTARY: Correcting O/S studies are providing support to the bullish case
but layers of resistance $0.7186-0.7264 where 55 & 100-DMAs are noted remain an
issue. Bulls need a close above the 100-DMA to end bearish hopes and shift focus
back to the bear channel top ($0.7363). Initial support is now noted at $0.7147
with bears needing a close below to confirm a break below the 200-DMA ($0.7160)
and retain focus on $0.7014-55 where the bear channel base is found.
AUSSIE-KIWI TECHS: NZ$1.1025 Resistance Key & Capping
*RES 4: NZ$1.1057 - Hourly support Sept 15a now resistance
*RES 3: NZ$1.1025 - Hourly support Sept 15 now resistance
*RES 2: NZ$1.1005 - High Oct 16
*RES 1: NZ$1.0956 - Hourly resistance Oct 16
*PRICE: NZ$1.0944 @ 2000GMT
*SUP 1: NZ$1.0928 - 21-DMA
*SUP 2: NZ$1.0923 - 55-DMA
*SUP 3: NZ$1.0900 - Hourly resistance Oct 3 now support
*SUP 4: NZ$1.0821 - Low Sept 21
*COMMENTARY: The recovery from Sept lows resulted in a gapping move higher last
week only to remain capped ahead of NZ$1.1025. Bulls need a close above
NZ$1.1025 to shift focus to NZ$1.1107-42. Topside hesitation has taken its toll
with focus on 55 & 21-DMAs. Bears need a close below the 55-DMA (NZ$1.09018) to
shift focus back to NZ$1.0798-1.0824 and below NZ$1.0798 to target 100
(NZ$1.0740) & 200 (NZ$1.0724) DMAs.
AUSSIE-YEN TECHS: Y88.74-90 Resistance Key This Week
*RES 4: Y89.67 - High Sept 25
*RES 3: Y88.90 - High Sept 27
*RES 2: Y88.74 - High Oct 5
*RES 1: Y88.34 - 21-DMA
*PRICE: Y88.03 @ 2000GMT
*SUP 1: Y87.63 - Low Oct 13, 55-DMA
*SUP 2: Y87.23 - Low Oct 10
*SUP 3: Y87.00 - Bollinger band base
*SUP 4: Y86.71 - 100-DMA
*COMMENTARY: The break of the daily bull channel base and closes below the
55-DMA failed to break the Y87.23 support last week resulting in pressure
returning to the 21-DMA. Bulls continue to look for a close above Y88.90 to
confirm a break of the 21-DMA and to shift overall focus back to tests of 2017
highs. Bears need a close below the 55-DMA to ease bullish pressure and below
Y87.23 to shift initial focus to the 100-DMA (Y86.76).
EURO-AUSSIE TECHS: DMAs & Channel Base Supporting
*RES 4: A$1.5178 - Hourly resistance Oct 12
*RES 3: A$1.5135 - High Oct 13
*RES 2: A$1.5105 - Hourly resistance Oct 13
*RES 1: A$1.5040 - High Oct 17
*PRICE: A$1.5024 @ 2000GMT
*SUP 1: A$1.4965 - 55-DMA
*SUP 2: A$1.4950 - Daily Bull channel base
*SUP 3: A$1.4903 - 100-DMA
*SUP 4: A$1.4790 - Low Sept 21
*COMMENTARY: With the pair looking heavy heading into Friday bears were not
disappointed with the sell-off and bearish close below the 21-DMA (A$1.5023)
that sees pressure back on the 100-DMA, 55-DMA and bull channel base. Bears
still need a close below the 100-DMA to shift initial focus to A$1.4790. Layers
of support are now building and adding to bullish confidence with a close above
A$1.5040 required to ease bearish pressure.
US DOLLAR-INDEX TECHS: Bears Need Close Below 93.251
*RES 4: 93.942 - Hourly support Oct 6 now resistance
*RES 3: 93.844 - High Oct 9
*RES 2: 93.729 - High Oct 17
*RES 1: 93.593 - Hourly support Oct 17 now resistance
*PRICE: 93.502 @ 2030GMT
*SUP 1: 93.369 - Hourly support Oct 17
*SUP 2: 93.251 - Hourly support Oct 16
*SUP 3: 93.076 - Low Oct 16
*SUP 4: 92.924 - Hourly support Oct 13
*COMMENTARY: The recovery from dips below the 21 (93.099) & 55 (92.917) DMAs
provides bulls comfort and sees focus back on the 94.264-476 region where the
100-DMA (94.264) is situated. Overall bulls need a close above 94.476 to shift
focus to 95.167-464. The lack of topside follow through Tuesday is less than
ideal for bulls. Bears now look for a close below 93.251 to shift focus back to
92.724 and below this level to shift focus to 91.526-781.
EURO-DOLLAR TECHS: $1.1826-80 Resistance Region Key
*RES 4: $1.1880 High Oct 12
*RES 3: $1.1849 Hourly resistance Oct 13
*RES 2: $1.1826 Hourly resistance Oct 13
*RES 1: $1.1775 Hourly support Oct 17 now resistance
*PRICE: $1.1770 @ 1930GMT
*SUP 1: $1.1736 Low Oct 17
*SUP 2: $1.1716 Hourly resistance Oct 6 now support
*SUP 3: $1.1669 Low Oct 6
*SUP 4: $1.1661 Low Aug 17
*COMMENTARY: The break of the $1.1862 resistance lacked follow through with the
pair capped around the daily bear channel top Thursday. Pressure on $1.1795 has
resulted in a break with bears again focused on a move back to the
$1.1583-1.1669 region where the channel base and 100-DMA are noted. Layers of
resistance remain with bulls needing a close above $$1.1826 to gain breathing
room and above $1.1880 to shift focus higher.
DOLLAR-YEN TECHS: Y112.48-89 Resistance Region Key
*RES 4: Y113.18 Hourly support Oct 6 now resistance
*RES 3: Y112.89 Hourly resistance Oct 6
*RES 2: Y112.58 High Oct 11
*RES 1: Y112.48 High Oct 17
*PRICE: Y112.23 @ 1930GMT
*SUP 1: Y112.04 Hourly support Oct 17
*SUP 2: Y111.65 Low Oct 16
*SUP 3: Y111.48 Low Sept 25
*SUP 4: Y111.14 100-DMA
*COMMENTARY: Despite finding support on dips below the 200-DMA recently, bulls
failed to gain traction above the 21-DMA (Y112.36) Tuesday. Initial support is
noted at Y112.04 with bears needing a close below to retain focus on Y111.48-65
and below Y111.48 to initially pressure 100 (Y111.14) & 55 (Y110.77) DMAs. Bulls
now need a close above Y112.58 to ease bearish pressure and above Y112.89 to
shift immediate focus back to Y113.44-70. Bollinger bands are narrowing.
SPOT GOLD TECHS: Bears Need Close Below $1277.6
*RES 4: $1312.7 - Bollinger band top
*RES 3: $1306.0 - High Oct 16
*RES 2: $1298.3 - Alternating hourly support/resistance
*RES 1: $1290.8 - Hourly resistance Oct 17
*PRICE: $1286.4 @ 2030GMT
*SUP 1: $1281.2 - Low Oct 17
*SUP 2: $1277.6 - Hourly resistance Oct 6 now support
*SUP 3: $1275.0 - 100-DMA
*SUP 4: $1270.7 - Hourly support Oct 6
*COMMENTARY: Bulls have so far failed to gain traction above 21 & 55 ($1288.1 &
1295.9) DMAs with Tuesday's sell-off continuing to work through support layers.
The $1277.6 support remains key with a close below needed to shift focus back to
$1244.8-1260.5 where the 200-DMA ($1256.6) and bull channel base are situated.
Bulls now need a close above $1298.3 to retain focus on $1306.0-1320.0.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.