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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.
AUD
AUD/EUR fell ~0.9% after the RBA minutes of the June policy meeting weighed on the cross.
- The pair was pressured through the European session falling as much as 1.3%, briefly dealing below €0.62 before marginally paring losses to sit on the 20-Day EMA. We last print at €0.6210/15.
- To re-establish the downtrend bears look to break yesterday's low €0.6194 which opens low from June 1 €0.6072.
- Bulls look to break yesterday's high €0.6276, from here they can target the 200-Day EMA (€0.6319).
Fig 1: AUD/EUR Daily Spot, EMAs
Source: MNI/Bloomberg
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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