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Why MNI
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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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- RES 4: 0.7432/7471 High Nov 9 / High Nov 4
- RES 3: 0.7371 High Nov 15
- RES 2: 0.7266/7305 Former channel base / 20-day EMA
- RES 1: 0.7228 High Nov 24
- PRICE: 0.7135 @ 06:43 GMT Nov 26
- SUP 1: 0.7106 Low Aug 20 and a major support
- SUP 2: 0.7049 Low Nov 4, 2020
- SUP 3: 0.7028 Low Nov 3 2020
- SUP 4: 0.6991 Low Nov 2 2020
AUDUSD remains soft and the slide has accelerated today. This week's price action has resulted in a break of the base of its bull channel drawn from the Aug 20 low. The breach reinforces bearish conditions and signals scope for a deeper short-term pullback. Moving average signals have also recently shifted to bear mode, highlighting the current direction. The focus is on 0.7106, the Aug 20 low and a key support. Initial resistance is seen at 0.7228.
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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.