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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Off cycle Lows: *RES 4: 0.6911/27......>
AUSSIE TECHS: Off cycle Lows:
*RES 4: 0.6911/27 Low Jul 10/61.8% of Jul-Aug fall
*RES 3: 0.6880 50% of Jul-Aug fall
*RES 2: 0.6821/55 200-hma/Low Jun 19
*RES 1: 0.6801 High Aug 06
*PRICE: 0.6781 @ 08:49 GMT Aug 08
*SUP 1: 0.6746 Intraday low
*SUP 2: 0.6677 YTD low
*SUP 3: 0.6613 Lower 3.0% 10-dma envelope
*SUP 4: 0.6579 Lower Bollinger Band (3%)
AUDUSD extends the recovery off recent cycle lows with gains extending towards
the 0.68 level. Bulls need a close above here to reignite upside momentum and
challenge the 50% retracement of the Jul-Aug fall at 0.6880. Despite this, the
longer-term bearish trend remains intact, putting immediate focus on yesterday's
multi-year low at 0.6677.
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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.