Free Trial
AUD

AUDUSD Rallies As China Holiday Ends

AUSSIE BONDS

Tight Ranges Intact

AUSTRALIA DATA

WAGES: Negotiated Wages Rose 4.1% In December

AUSSIE BONDS

Morgan Stanley See Smaller Than Average Extension

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

Renewed Pressure Can See A........>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Renewed Pressure Can See A $1.1647-$1.1634 Fall Next
*RES 4: $1.1830 May 22 high
*RES 3: $1.1806 6 week falling resistance line
*RES 2: $1.1794 Hourly recovery high May 22
*RES 1: $1.1755/70 Hourly resistance
*PRICE: $1.1728 @0745GMT 
*SUP 1: $1.1676 May 23 low
*SUP 2: $1.1647 1.618 swing of $1.1717-$1.1830
*SUP 3: $1.1634 1.618x $1.1838-$1.1717 from $1.1830
*SUP 4: $1.1592 Max 5th wave target in fall from $1.2477
*COMMENTARY* Lower again Wednesday, this time below $1.1717-$1.1709 support and
also put the 1% volatility band, at $1.1691 by time today, under pressure. A
maintained break below here will likely reach the swing target at $1.1647 next,
perhaps the projection target at $1.1634. Currently reducing some near term
oversold conditions, resistance from $1.1755-$1.1770 and then $1.1794. The six
week falling resistance line and Tuesday's $1.1830 high are tougher above. 

To read the full story

Why Subscribe to

MarketNews.com

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.