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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.
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 AccessMNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday
MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit
MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%
Resumes Its Downtrend
- RES 4: 0.6713 50-day EMA
- RES 3: 0.6656 High Sep 23
- RES 2: 0.6547 High Oct 4
- RES 1: 0.6432 High Oct 7
- PRICE: 0.6312 @ 14:31 BST Oct 10
- SUP 1: 0.6283 Low Apr 23 2020
- SUP 2: 0.6255 1.236 proj of the Apr 5 - May 12 - Jun 3 price swing
- SUP 3: 0.6200 Round number support
- SUP 4: 0.6133 1.382 proj of the Apr 5 - May 12 - Jun 3 price swing
AUDUSD has weakened today and traded through support at 0.6363, the Sep 28 low and bear trigger. The break confirms a resumption of the primary downtrend and maintains the bearish price sequence of lower lows and lower highs. This opens 0.6283 next, the Apr 23 2020 low and 0.6255, a Fibonacci projection. On the upside, initial firm resistance has been defined at 0.6547, the Oct 4 high.
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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.