MNI BRIEF: BOC Rate-Cut Talk Is Premature, Macklem Says

BOC SAYS GOVT TO AMEND LAW TO ACCOUNT FOR QE LOSSES

BOC: FAR TOO EARLY TO BE TALKING ABOUT RATE CUTS

MNI: JAPAN DEC SERVICES PRODUCER PRICE INDEX +1.5% Y/Y; NOV +1.7%

Coming up in the Asia-Pac session on Thursday

USD Index Hovering Close To Cycle Lows Approaching US GDP Data

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
MNI

MNI: JAPAN DEC SERVICES PRODUCER PRICE INDEX +1.5% Y/Y; NOV +1.7%

JGB TECHS

(H3) Extends Bounce Off Lows

JGBS

A Busy Domestic Docket, While BoJ-Related Side Effects Intensify

AUSSIE 10-YEAR TECHS

(H3) Weaker Into Midweek Close

US TSYS

Moderately Richer In Volatile Trade

AUSSIE 3-YEAR TECHS

(H3) Falters on Firm CPI

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
Trending Top 5
Market News Topics

Strong Rebound

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.6682 Low Jul 14 and a recent breakout level
  • RES 3: 0.6656 High Sep 23
  • RES 2: 0.6600 Round number resistance
  • RES 1: 0.6522 High Oct 27 / 4 and a key resistance zone
  • PRICE: 0.6438 @ 15:51 GMT Nov 4
  • SUP 1: 0.6272 Low Nov 3
  • SUP 2: 0.6210/6170 Low Oct 21 / 13 and the bear trigger
  • SUP 3: 0.6133 1.382 proj of the Apr 5 - May 12 - Jun 3 price swing
  • SUP 4: 0.6099 76.4% retracement of the 2020 - 2021 bull cycle

AUDUSD has found support as the USD weakens across the board. Today’s rally suggests the recent pullback between Oct 27 - Nov 3 is over and a strong NY close today would reinforce this idea. Key short-term resistance is at 0.6522, Oct 27 high and 0.6547, Oct 4 high. A breach of this resistance zone would strengthen the case for bulls. On the downside, a reversal lower and a breach of yesterday’s 0.6272 low, would reinstate a bearish threat.

165 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: 0.6682 Low Jul 14 and a recent breakout level
  • RES 3: 0.6656 High Sep 23
  • RES 2: 0.6600 Round number resistance
  • RES 1: 0.6522 High Oct 27 / 4 and a key resistance zone
  • PRICE: 0.6438 @ 15:51 GMT Nov 4
  • SUP 1: 0.6272 Low Nov 3
  • SUP 2: 0.6210/6170 Low Oct 21 / 13 and the bear trigger
  • SUP 3: 0.6133 1.382 proj of the Apr 5 - May 12 - Jun 3 price swing
  • SUP 4: 0.6099 76.4% retracement of the 2020 - 2021 bull cycle

AUDUSD has found support as the USD weakens across the board. Today’s rally suggests the recent pullback between Oct 27 - Nov 3 is over and a strong NY close today would reinforce this idea. Key short-term resistance is at 0.6522, Oct 27 high and 0.6547, Oct 4 high. A breach of this resistance zone would strengthen the case for bulls. On the downside, a reversal lower and a breach of yesterday’s 0.6272 low, would reinstate a bearish threat.