Free Trial

Pressuring 100-WMA *RES 4: $0.7695 -...>

AUSSIE TECHS
AUSSIE TECHS: Pressuring 100-WMA
*RES 4: $0.7695 - 200-DMA
*RES 3: $0.7666 - Bear channel top
*RES 2: $0.7609 - High Nov 16
*RES 1: $0.7579 - Hourly support Nov 17 now resistance
*PRICE: $0.7556 @ 0230GMT
*SUP 1: $0.7543 - 100-WMA 
*SUP 2: $0.7519 - Low June 9 
*SUP 3: $0.7456 - Weekly bull channel base 
*SUP 4: $0.7425 - Daily bull channel base
*COMMENTARY: Hesitation ahead of the 200-DMA is recent weeks retains the
integrity of the daily bear channel with pressure currently on the
$0.7456-0.7543 region where the 100-WMA and channel bases are situated. Bears
need a close below $0.7519 to retain the bearish bias and below the weekly bull
channel base to target $0.7319-65. Bulls now look for a close above $0.7609 to
gain breathing room and hint at a correction back to $0.7666-0.7729.

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.