Free Trial

Challenging The 20-Day EMA


(M2) Key Support Remains Intact


(M2) Bearish Focus

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
AUSSIE SUMMARY: *Oct2 Aussie dollar open $0.7841, range $0.7817 to $0.7848. 
*Aussie opened in Asia toward upper side of Friday's $0.7817 to $0.7858 range
*With the Sydney markets closed for Labour Day it was a slow start to the new
trading month, the pair held a $0.7832 to $0.7848 range in early trading
* Much firmer UST yields then encouraged broad based US dollar demand, Aussie
faded from the mid-$0.7840's to $0.7817. Aussie-yen demand amid improving
risk-sentiment somewhat negating dollar strength and provided a cushion for the
*For the balance of the session the Aussie consolidated near to the session low
and held a $0.7817 to $0.7826 range.
* Resistance is found at $0.7858/60,  Sep29-28 highs and potentially a
double-top, while support is noted at $0.7817/00 (Sep29 low, Sep28 low & daily
cloud base)

To read the full story

Why Subscribe to

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.