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Why MNI
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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 AccessNear-Term Outlook More Neutral
- RES 4: 0.7523 50-day EMA
- RES 3: 0.7503 High Jul 13
- RES 2: 0.7487 High Jul 15
- RES 1: 0.7429 High Jul 19
- PRICE: 0.7339 @ 16:48 BST Aug 16
- SUP 1: 0.7290 Low Jul 21 and the bear trigger
- SUP 2: 0.7284 Low Nov 24, 2020
- SUP 3: 0.7235 1.382 proj of Feb 25 - Apr 1 - May 10 price swing
- SUP 4: 0.7222 Low Nov 13, 2020
AUDUSD finished last week toward the upper-end of the range, but the near-term outlook remains broadly neutral. Bulls need further progress from here, to cement any near-term recovery, with 0.7416 the first notable level of resistance ahead of 0.7429, the Jul 19 high. For the bearish outlook to firm, markets need to slip through this week's low of 0.7316 ahead of the 0.7290 bear trigger.
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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.