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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: RBA Holds, Notes Declining Inflation Risk
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
Rally Reaches 76.4% Fibo Retrace.......>
AUSSIE TECHS: Rally Reaches 76.4% Fibo Retrace Level
*RES 4: $0.7805/14 76.4% $0.7898-$0.7502, 50% $0.8126-$0.7502
*RES 3: $0.7740 38.2% Fibo of $0.8126-$0.7502
*RES 2: $0.7727/30 2% volatility band, Nov 2 high
*RES 1: $0.7676 76.4% Fibo of $0.7730-$0.7502
*PRICE: $0.7657 @0955GMT
*SUP 1: $0.7610 Hourly support
*SUP 2: $0.7581 Dec 12 high, now support
*SUP 3: $0.7565/70 Hourly congestion Dec 12-13
*SUP 4: $0.7546 Dec 11 high, hourly base Dec 12
*COMMENTARY* Having continued to find support from above the lower 1% volatility
band and also the 6 week bear channel base, Tuesday's move back above $0.7555-60
was the first tentative step in the recovery process. The further rise through
0.7598-$0.7625 on Wednesday, has enabled a challenge to the 76.4% Fibo retrace
level at $0.7676. This the remaining bar to a $0.7727-$0.7740 rise. Support now
from 0.7610 protects against deeper correction.
To read the full story
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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.