MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

RBA Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

US TSYS

Implied Vol Buoyed Post-NFP/ISM, Real Vol Delivered

US

President Biden To Conclude Infrastructure Tour In Philadelphia

US STOCKS

Late Equity Roundup: Early Support Evaporates Ahead Weekend

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 Access
Trending Top 5
Market News Topics

Northbound

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.6800 Round number resistance
  • RES 3: 0.6768 61.8% retracement of the Aug 11 - Oct 13 downleg
  • RES 2: 0.6705 High Sep 21
  • RES 1: 0.6695 High Nov 11
  • PRICE: 0.6638 @ 15:55 GMT Nov 11
  • SUP 1: 0.6514/0.6387 50-day EMA / Low Nov 10
  • SUP 2: 0.6272 Low Nov 3 and a key support
  • SUP 3: 0.6210/6170 Low Oct 21 / 13 and the bear trigger
  • SUP 4: 0.6133 1.382 proj of the Apr 5 - May 12 - Jun 3 price swing

AUDUSD extended gains into the Friday close, confirming the clear break of the 50-day EMA. This strengthens bullish conditions and signals scope for an extension of the bull cycle that started mid-October. Markets have also cleared 0.6682, the Jul 14 low and a previous breakout level. Further out, scope is seen for a climb towards 0.6768, a Fibonacci retracement level. Firm short-term support has been defined at 0.6387, Thursday’s low.

151 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.6800 Round number resistance
  • RES 3: 0.6768 61.8% retracement of the Aug 11 - Oct 13 downleg
  • RES 2: 0.6705 High Sep 21
  • RES 1: 0.6695 High Nov 11
  • PRICE: 0.6638 @ 15:55 GMT Nov 11
  • SUP 1: 0.6514/0.6387 50-day EMA / Low Nov 10
  • SUP 2: 0.6272 Low Nov 3 and a key support
  • SUP 3: 0.6210/6170 Low Oct 21 / 13 and the bear trigger
  • SUP 4: 0.6133 1.382 proj of the Apr 5 - May 12 - Jun 3 price swing

AUDUSD extended gains into the Friday close, confirming the clear break of the 50-day EMA. This strengthens bullish conditions and signals scope for an extension of the bull cycle that started mid-October. Markets have also cleared 0.6682, the Jul 14 low and a previous breakout level. Further out, scope is seen for a climb towards 0.6768, a Fibonacci retracement level. Firm short-term support has been defined at 0.6387, Thursday’s low.