Free Trial

Struggles ahead of 50-dma Topside......>

AUSSIE TECHS
AUSSIE TECHS: Struggles ahead of 50-dma
Topside gains have been hard to come by with the rate failing to crack the
$0.7139 50-dma on several occasions this week. Any close above the $0.71 handle
will add to today's positive momentum and a break of the 50-dma will set up
bulls nicely for $0.7162 and $0.7274 beyond. A weak close today would suggest a
resumption of the longer term bear market.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.