Free Trial

Nov 2 Highs Intact For Now AUDUSD......>

AUSSIE TECHS
AUSSIE TECHS: Nov 2 Highs Intact For Now
AUDUSD spikes as high as 0.7258 in early trading but remained shy of the Nov 2
high at 0.7259. A break above this level would target the 100-dma & 23.6% of the
2018 range at 0.7266/84, ahead of the 0.7400 congestion zone. Bears need to
break back below the 50-dma at 0.7159 to test broken down trendline
resistance-turned-support from the Feb highs, which comes in at 0.7150. Below
here re-opens the Oct 26 low at 0.7021.

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.