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Why MNI
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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.
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Free AccessSupport Holds, For Now
- RES 4: 0.6921 High Feb 20
- RES 3: 0.6900 High Jun 16 and a key resistance
- RES 2: 0.6871 High Dec 28 and the bull trigger
- RES 1: 0.6771 High Jan 3
- PRICE: 0.6690 @ 16:49 GMT Jan 12
- SUP 1: 0.6641 Low Jan 05
- SUP 2: 0.6621 Trendline support drawn from the Oct 26 low
- SUP 3: 0.6571 50.0% Fibonacci retracement for Oct - Dec Upleg
- SUP 4: 0.6526 Low Dec 7 and key support
AUDUSD is unchanged and remains in consolidation mode. The recent move lower appears to be a correction and the medium-term trend directional signals point north. Moving average studies also highlight an uptrend and trendline support - at 0.6621 - drawn from the late October low, remains intact. The trendline represents an important support. On the upside key resistance is unchanged at 0.6871, the Dec 28 high.
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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.