Free Trial

Strong Chinese GDP boosted sentiment.........>

AUSSIE
AUSSIE: Strong Chinese GDP boosted sentiment overnight, AUDUSD cleared the
200-dma ($0.7191) to $0.7206, before fading. Tech traders will be watching the
200-dma today which has not seen a close above since March 2018. Topside
resistance is seen at $0.7226/46 which represents the 76.4% fibo of
$0.7295-0.7003 & Feb 6 high.
- AUDCHF is looking to register its fourth consecutive session of gains. The
cross extended to Chf0.7257, stalling just shy of the Feb 5 ytd high at
Chf0.7262.
- EURAUD extended the downtrend to A$1.5684, its lowest levels since Dec 13.
This brings double-bottom support into view at A$1.5670/75, ahead of the 50%
retracement of A$1.4424-1.6830 at A$1.5627. 

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.