Free Trial

Risk Improved AUD Targets 100-DMA......>

AUSSIE TECHS: Risk Improved AUD Targets 100-DMA
Improved risk appetite consolidated above the 0.71 level, with near-term focus
on Wednesday's highs at 0.7130. Consolidation above here is needed to establish
a higher high and suggest a bullish break opening the 0.7145/50 level which
holds the 100-dma & Mar 26 high. A break opens a run at the 0.72 level &
200-dma. Downside focus remains on the Mar 20 low at 0.7057, with a break here
needed to open the 50% retracement level & cloud base at 0.7018.

To read the full story



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.