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Bear Flattening Deepens

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Will Tokyo Dealers Add To The Pressure?

AUSSIE
MNI (London)
AUSSIE: MNI KEY LEVELS
*$0.7032/44    Dec31 high/Jul16 high
*$0.7020/24/31 Jan02 high/YTD Jan01 high/Upper Boll Band (2%)
*$0.6989/95    Upper 1.0% 10-dma env/Jan03 high
*$0.6968/79    Jan06 high/Jan02 low
*$0.6943       Jan07 high
*$0.6923       21-dma
*$0.6908/10/20 Intraday high/200-hma/Jan13 high
*$0.6896    ***CURRENT MARKET PRICE 05:58GMT TUESDAY***
*$0.6891/85/84 200-dma/Intraday low/100-hma
*$0.6882/71/69 Jan13 low/55-dma/50-dma
*$0.6851/50/49 Jan10 low/Lower 1.0% 10-dma env/Dec19 low, YTD Jan08 low
*$0.6839/38/36 Dec18 low/Dec17 low/100-dma
*$0.6825/23    Cloud top/Lower Boll Band (2%)
*$0.6801/00    Cloud base/Dec10 low
*$0.6781/71    Lower 2.0% 10-dma env/Lower Boll Band (3%)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com