Free Trial

Northbound *RES 4: 0.7222 1.764........>

AUSSIE TECHS
AUSSIE TECHS: Northbound
*RES 4: 0.7222 1.764 projection of the Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.7119 1.618 projection of the Mar 19 - 31 rally from Apr 3 low
*RES 2: 0.7063 High Jun 10 and the bull trigger
*RES 1: 0.7038 High Jul 15
*PRICE: 0.6988 @ 06:14 BST Jul 17
*SUP 1: 0.6922/21 Low Jul 7 / Low Jul 14
*SUP 2: 0.6833 Low Jun 30 and key support
*SUP 3: 0.6805 Low Jun 22
*SUP 4: 0.6777 Low Jun 15 and the bear trigger
AUDUSD maintains a bullish outlook despite the pullback off the Wednesday high.
A bullish theme follows last week's move above 0.6977, Jun 16 high. The break
reinforced conditions for bulls paving the way for climb towards key resistance
at 0.7063, Jun 10 high. Clearance of this hurdle would also confirm a resumption
of the broader uptrend. Initial firm intraday support lies at 0.6922/21, Jul 7
low and Tuesday's intraday low.

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.