Free Trial

Recovery Attempt Falls Flat AUDUSD's...>

AUSSIE TECHS
AUSSIE TECHS: Recovery Attempt Falls Flat
AUDUSD's bounce off ytd lows of 0.7166 and recovery above 0.7200 was short lived
with the pair once again under pressure. A close below channel base support at
0.7185, opens the key 0.7150 area. Below here would likely accelerate the move
to the 0.7000 psychological level. Bulls need a break back above 0.7305/10 to
change the short-term outlook and target the August highs of 0.7453 . 

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.