Free Trial

Yen Remains Vulnerable, Greenback Firms


No Reprieve For Yen

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Recovers Off the Lows

  • RES 4: 0.7523 50-day EMA
  • RES 3: 0.7503 High Jul 13
  • RES 2: 0.7487 High Jul 15
  • RES 1: 0.7429 High Jul 19
  • PRICE: 0.7378 @ 17:40 BST Aug 11
  • SUP 1: 0.7290 Low Jul 21 and the bear trigger
  • SUP 2: 0.7284 Low Nov 24, 2020
  • SUP 3: 0.7235 1.382 proj of Feb 25 - Apr 1 - May 10 price swing
  • SUP 4: 0.7222 Low Nov 13, 2020

AUDUSD rallied into the close, with prices topping the Monday highs to trade at the best levels since last week. Bulls need further progress, however, to cement any near-term recovery, with 0.7416 the first notable level of resistance ahead of 0.7429, the Jul 19 high. For the bearish outlook to firm, markets need to slip through this week's low of 0.7316 ahead of the 0.7290 bear trigger.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.