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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Sharp Reversal
- RES 4: 0.7314 High Jan 13 and a key resistance
- RES 3: 0.7277 High Jan 20
- RES 2: 0.7258 2.0% 10-dma envelope
- RES 1: 0.7249 High Feb 09
- PRICE: 0.7114 @ 07:02 GMT Feb 11
- SUP 1: 0.7107/7052 Low Feb 8 / Low Feb 4
- SUP 2: 0.6968/6963 Low Jan 28 / Low Jul 16, 2020
- SUP 3: 0.6921 Low Jul 14, 2020
- SUP 4: 0.6884 0.764 proj of the Oct ‘21 - Dec ‘21 - Jan price swing
AUDUSD has reversed sharply lower from Thursday’s high of 0.7249. The pullback means the pair has failed to remain above the 50-day EMA and is an early warning of a possible stronger short-term reversal. A deeper pullback would expose support at 0.7052, Feb 4 low. A break of this level would open 0.6968/6963, the Jan 28 and Jul 16, 2020 lows. On the upside, clearance of 0.7249 is required to reinstate the recent bullish theme.
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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.