MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI: UK OCT TRADE BALANCE GBP -3.72BN

MNI: UK OCT CONSTRUCTION OUTPUT -0.4% MM, +0.4% 3M3M, -0.7% YY

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Support At The 50-Day EMA Remains Intact

AUDUSD TECHS
  • RES 4: 0.6993 76.4% retracement of the Feb 2 - May 31 bear leg
  • RES 3: 0.6936 High Feb 16
  • RES 2: 0.6900 High Jun 16 and key resistance
  • RES 1: 0.6847 High Jul 20
  • PRICE: 0.6803 @ 08:13 BST Jul 27
  • SUP 1: 0.6723/15 50-day EMA / Low Jul 24
  • SUP 2: 0.6651 Low Jul 11
  • SUP 3: 0.6619 Low Jul 7
  • SUP 4: 0.6596 Low Jun 29 and key support

AUDUSD remains in a bearish cycle but has managed to find some support this week. Price has recently pierced the 50-day EMA - at 0.6723 and a key short-term support. An extension lower would open 0.6651, the Jul 11 low. Further out, the next key support lies at 0.6596, the Jun 29 low. On the upside, a stronger reversal higher would expose 0.6847, the Jul 20 high. The key bull trigger is at 0.6900, the Jun 26 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.