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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Remains Above The May Low
- RES 4: 0.8007 High Feb 25 and the bull trigger
- RES 3: 0.7905 2.0% 10-dma envelope
- RES 2: 0.7891/95 High May 10 / 76.4% of the Feb 25 - Apr 1 sell-off
- RES 1: 0.7813/46 High May 18 / High May 12
- PRICE: 0.7739 @ 14:36 BST May 31
- SUP 1: 0.7677 Low May 28
- SUP 2: 0.7675 Low May 4 and key support
- SUP 3: 0.7635 Low Apr 14
- SUP 4: 0.7586 Low Apr 13
AUDUSD remains above this month's low of 0.7675 from May 4. A bearish theme dominates and attention is on the 0.7675 level, seen as a firm short-term support. A break would strengthen a bearish case and signal scope for a deeper pullback towards 0.7586, the Apr 13 low. For bulls, clearance of 0.7813, May 18 high would be a bullish development and open 0.7891 unstead, high May 10.
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.