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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.
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Free AccessMonitoring A Reversal Threat
- RES 4: 0.7917 High Mar 14, 2018 and a key resistance
- RES 3: 0.7885 High Mar 15. 2018
- RES 2: 0.7782/7820 High Jan 21 / High Jan 6 and the bull trigger
- RES 1: 0.7715 High Feb 8
- PRICE: 0.7703 @ 17:02 GMT Feb 8
- SUP 1: 0.7564 Low Feb 2 and the short-term bear trigger
- SUP 2: 0.7557 Low Dec 28
- SUP 3: 0.7517 Low Dec 22
- SUP 4: 0.7462 Low Dec 21
AUDUSD recovered Friday and closed at session highs. Friday's price action is being monitored as a possible reversal signal with initial resistance at 0.7704, topped to open 0.7782/0.7820, the bull trigger. For now, S/T conditions remain bearish though and scope is seen for a pullback as part of a corrective cycle with momentum studies trending down and unwinding a recent overbought reading. A break of 0.7564, Feb 2 low would resume the downtrend open 0.7517, Dec 22 low.
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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.