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Free AccessProbes 0.6822: *RES 4: 0.6911 Low......>
AUSSIE TECHS: Probes 0.6822:
*RES 4: 0.6911 Low Jul 7
*RES 3: 0.6880 50% of Jul 19-Aug 7 sell-off
*RES 2: 0.6832 38.2% of Jul 19-Aug 7 sell-off
*RES 1: 0.6825 Intraday High
*PRICE: 0.6814 @ 08:33 GMT Sep 5
*SUP 1: 0.6755 Low Sep 4
*SUP 2: 0.6688 Low Sep 3
*SUP 3: 0.6677 YTD low and key support
*SUP 4: 0.6600 Round number support
AUDUSD posted a swift charge higher throughout European and US hours for a
second session yesterday and followed through on this overnight. The pair has
traded above 0.6822, the high of Aug 8 and key resistance. A clear break would
signal a trend reversal and open 0.6880 initially. Momentum studies are pointing
higher. To the downside, a failure to hold onto recent gains would expose 0.6755
where a break would shift attention back to the bear trigger 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.