Free Trial

WTI Clears 50-Day EMA Russia Production Cut Plans


GoC Yields Extend Session Highs


Re-Cheapening Ahead Of Early Cash Close

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

Support Layers Developing At A Rapid...>

AUSSIE TECHS: Support Layers Developing At A Rapid Pace
*RES 4: $0.7768 - Low Oct 24 now resistance
*RES 3: $0.7730 - High Nov 2
*RES 2: $0.7690 - 200-DMA
*RES 1: $0.7684 - 55-DMA
*PRICE: $0.7670 @ 0530GMT
*SUP 1: $0.7641 - Hourly breakout level Dec 14 
*SUP 2: $0.7623 - Hourly support Dec 14 
*SUP 3: $0.7596 - Hourly support Dec 13 
*SUP 4: $0.7580 - Hourly breakout level Dec 12
*COMMENTARY: The recovery from last week's low saw a close above the channel top
with the pair very bid and pressuring 55 & 200-DMAs. Layers of resistance remain
$0.7684-0.7800 with bulls needing a close above the 100-DMA ($0.7800) to shift
overall focus to tests of 2017 highs. Support layers are emerging at a rapid
pace with bears now needing a close below $0.7623 to ease immediate bullish
pressure and below $0.7580 to return initial focus to $0.7500.

To read the full story

Why Subscribe to

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.