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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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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Still Weak *RES 4: 0.6774 High Feb 5...>
AUSSIE TECHS: Still Weak
*RES 4: 0.6774 High Feb 5 and key near-term resistance
*RES 3: 0.6750 High Feb 12
*RES 2: 0.6693 Trendline resistance drawn off the Jan 2 high
*RES 1: 0.6660 Low Feb 10 and former breakout point
*PRICE: 0.6613 @ 06:13 GMT Feb 25
*SUP 1: 0.6585 Intraday low
*SUP 2: 0.6570 Lower 3.0% Bollinger Band
*SUP 3: 0.6547 2.0% 10-dma envelope
*SUP 4: 0.6529 Low Mar 16 2009
AUD weakened further Monday, hitting a new multi-year low once again. A bearish
outlook remains intact. This theme is reinforced within the longer-term dma
space, where the 100-mma now sits below the 200-mma for the first time since
2008. This signals scope for continued weakness with the focus on the lower 3.0%
Bollinger Band at 0.6570 that, also may moderate any further decline. Initial
resistance is at 0.6660, the Feb 10 low.
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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.