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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Remains Below Its Recent Highs
- RES 4: 0.7371 High Nov 15, 2021
- RES 3: 0.7322 2.0% 10-dma envelope
- RES 2: 0.7314 High Jan 13 and a key resistance
- RES 1: 0.7284 High Feb 23
- PRICE: 0.7198 @ 06:38 GMT Feb 25
- SUP 1: 0.7095 Low Feb 24
- SUP 2: 0.7086/7052 Low Feb 14 / Low Feb 4
- SUP 3: 0.6968/6963 Low Jan 28 / Low Jul 16, 2020
- SUP 4: 0.6921 Low Jul 14, 2020
AUDUSD failed to hold onto Wednesday’s high and traded lower Thursday. This leaves the key resistance at 0.7314 intact for now, the Jan 13 high. A deeper pullback would signal potential for a test of support at 0.7086, Feb 14 low that also represents a key short-term support handle. On the upside, clearance of the 0.7284 (Feb 23 high) to 0.7314 zone is required to strengthen the case for bulls.
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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.