Free Trial

Sharply lower: *RES 4: 0.6911 Low......>

AUSSIE TECHS
AUSSIE TECHS: Sharply lower:
*RES 4: 0.6911 Low Jul 7
*RES 3: 0.6895 High Sep 12 and bull trigger
*RES 2: 0.6870 High Sep 17
*RES 1: 0.6831 Intraday high and key near-term resistance
*PRICE: 0.6786 @ 05:00 GMT Sep 19
*SUP 1: 0.6782 Intraday low
*SUP 2: 0.6767 61.8% retracement of Sep 3 - Sep 12 rally
*SUP 3: 0.6755 Sep 4 low
*SUP 4: 0.6737 76.4% retracement of Sep 3 - Sep 12 rally
AUDUSD remains under pressure with prices sharply lower on the day so far. The
former key short-term support at 0.6822, Aug 8 high has been cleared and the
risk is for a deeper pullback with the focus on 0.6767 next. This is the 61.8%
retracement of the recent Sep 3 - Sep 12 rally. A break would expose potential
for weakness towards 0.6737. Prices need to trade above today's high of 0.6831
to halt the slide.

To read the full story

Close

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.