Free Trial
JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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
EMERGING MARKETS
  • USDMXN key short-term trendline support drawn off the Jan 21 low remains intact. The line intersects at 20.4223. A clear break of this line together with a move through last week's low of 20.2829, on Mar 18, would strengthen a bearish argument and open 19.8924, the Feb 15 low. Resistance has been defined at 20.9322, Mar 12 high.
  • USDBRL continues to pressure trendline support and the 50-day EMA. The trendline is drawn off the Dec 14 low and intersects at 5.5307 while the 50-day EMA is at 5.4931. Friday's low is 5.4499 where a clear break would also confirm a breach of the trendline and the moving average. This would open 5.3913, Feb 24 low. On the upside, resistance is at 5.6827, Mar 17 high.
  • USDCLP remains below 743.10, Mar 8 high. A deeper pullback would risk a move towards support at 699.19, Feb 24 low. Key resistance and the bull trigger is unchanged at 743.10. Clearance of this level would highlight potential for a stronger rally.
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

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.