Free Trial

Momentum Builds AUDUSD sits top of.....>

AUSSIE TECHS
AUSSIE TECHS: Momentum Builds
AUDUSD sits top of G10 with solid gains seen across the board. Rate squeezed
through the 100-dma (0.7142) to $0.7151, opening a move toward down trendline
resistance off the Dec 4 high & 200-dma at 0.7173/98. Bears need a close back
under 0.71 to suggest another false break, putting the focus back on the Mar 20
low at 0.7057.

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.