Free Trial

Soft domestic Retail Sales further...........>

AUSSIE
AUSSIE: Soft domestic Retail Sales further pressured AUD across the board
overnight. AUDUSD touched 20-month lows of $0.7166 but has since recovered to
the $0.7200 area. Near-term support is seen at $0.7161/60 (1.618% swing
$0.7238-0.7362/Dec23 2016 low), market chatter suggests a break of $0.7150 could
see system funds looking to add fresh shorts. AUDJPY moved back under Y80 to
extended session lows of Y79.52, next support at Y79.32 (61.8% Y72.53-90.30).
AUDNZD slipped through uptrend support off June lows & the 100-dma to NZ$1.0851,
before bouncing to Nz$1.0885/90. Further downside support seen from the 200-dma
at NZ$1.0842. EURAUD printed highs of A$1.6172, expect resistance on approach to
A$1.6200 (A$1.6191 - ytd high Mar28).  

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.