Free Trial

November Range Fairly Tight for........>

AUSSIE TECHS
AUSSIE TECHS: November Range Fairly Tight for AUDUSD
AUDUSD traded inside Wednesday's trading range on Thursday, with the 100-dma
proving magnetic. AUDUSD has now spent the majority of the month trading between
0.7224-0.7340 cementing its sideways trend. To break out higher, we need to see
a close back above 0.7328, the 61.8% retracement from 0.6828-0.8136. The 21-dma
at 0.7203 provides some short-term support. For bears to regain control we need
to close below the 50-dma at 0.7176 and the Nov 13 low at 0.7164.

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.