Free Trial
USDCAD TECHS

Takes Out 20-, 50-Day EMAs

US TSYS

Weak Global PMIs

AUDUSD TECHS

Pierces 50-Day EMA

US TSYS

Eurodollar/SOFR, Tsy Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Starts The Week On A Softer Note

AUDUSD TECHS
  • RES 4: 0.7465 76.4% retracement of the Apr 5 - May 12 bear leg
  • RES 3: 0.7400 Round number resistance
  • RES 2: 0.7343 61.8% retracement of the Apr 5 - May 12 bear leg
  • RES 1: 0.7171/7283 50-day EMA / High Jun 3 and the bull trigger
  • PRICE: 0.7027 @ 07:00 BST Jun 13
  • SUP 1: 0.7001 Intraday low
  • SUP 2: 0.6950 Low May 18
  • SUP 3: 0.6829 Low May 12 and the bear trigger
  • SUP 4: 0.6805 Low Jun 22 2020

AUDUSD has traded lower today resulting in an extended break of the 50-day EMA. Last week’s sell-off threatens the recent bull cycle. Price action has defined a key short-term resistance at 0.7283, Jun 3 high. A break of this level is required to reinstate a bullish outlook. An extension lower would expose support at 0.6950, May 18 low ahead of the bear trigger at 0.6829, May 12 low. A breach of this level would resume the broader downtrend.

157 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.7465 76.4% retracement of the Apr 5 - May 12 bear leg
  • RES 3: 0.7400 Round number resistance
  • RES 2: 0.7343 61.8% retracement of the Apr 5 - May 12 bear leg
  • RES 1: 0.7171/7283 50-day EMA / High Jun 3 and the bull trigger
  • PRICE: 0.7027 @ 07:00 BST Jun 13
  • SUP 1: 0.7001 Intraday low
  • SUP 2: 0.6950 Low May 18
  • SUP 3: 0.6829 Low May 12 and the bear trigger
  • SUP 4: 0.6805 Low Jun 22 2020

AUDUSD has traded lower today resulting in an extended break of the 50-day EMA. Last week’s sell-off threatens the recent bull cycle. Price action has defined a key short-term resistance at 0.7283, Jun 3 high. A break of this level is required to reinstate a bullish outlook. An extension lower would expose support at 0.6950, May 18 low ahead of the bear trigger at 0.6829, May 12 low. A breach of this level would resume the broader downtrend.