Free Trial

On The Defensive Westpac's move to.....>

AUSSIE TECHS
AUSSIE TECHS: On The Defensive
Westpac's move to raise its standard variable home loan rate, seen by many only
to delay the next RBA hike, pressured AUD. AUDUSD briefly dipped back under
$0.7300, shifting the short-term outlook bearish. A close below yesterday's low
at 0.7307 would put focus back on the YTD low at 0.7203, which needs to hold to
prevent a potential downside acceleration. A close above 0.7374 would change the
picture significantly allowing the pair to rally in line with global trends to
target the August highs of 0.7453.

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.