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Free AccessRecovery Eyes Challenge To.............>
AUSSIE TECHS: Recovery Eyes Challenge To $0.7758-$0.7762 Resistance
*RES 4: $0.7812 61.8% Fibo of $0.7917-$0.7643
*RES 3: $0.7786 Mar 22 high
*RES 2: $0.7758/62 Mar 26 high, 1% volatility band
*RES 1: $0.7739 Intraday high
*PRICE: $0.7723 @0927GMT
*SUP 1: $0.7680/90 Hourly support
*SUP 2: $0.7650/52 Apr 2, Apr 9 lows
*SUP 3: $0.7641/43 Equality fall from $0.7917, Mar 29 low
*SUP 4: $0.7607/08 1.618 swing $0.7672-$0.7786, 1% vol band
*COMMENTARY* The triangular consolidation broke to the downside, losing support
from last month's previous $0.7672 low. This saw risk revert immediately to
between the 76.4% Fibo retrace level at $0.7652 and the equality fall target at
the slightly lower $0.7641 level. A low of $0.7643 actually posted, before
finding some respite. Will need to sustain a move back through $0.7727 however,
before the chance of a challenge to the tougher $0.7758-$0.7762 area.
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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.