Free Trial

Stuck in The Range AUDUSD touched......>

AUSSIE TECHS
AUSSIE TECHS: Stuck in The Range
AUDUSD touched post FOMC lows of 0.7007, before support ahead of the handle
cushioned falls. The rate continues locked in narrow range trade with bulls
looking for a close above Tuesday's high (0.7069) to extend the uptrend toward
the 0.71 level & 55-dma. Emboldened bears following the upbeat Fed look to
cement a close below 0.7000, with a break of the April 25 low at 0.6988 shifting
the focus back to the Jan lows.

To read the full story

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.