NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Technical Signals Remain Bearish

AUDUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 0.6871 High Dec 28 and the bull trigger
  • RES 3: 0.6729/71 High Jan 12 / 3
  • RES 2: 0.6663 High Jan 16
  • RES 1: 0.6595/6625 High Feb 22 / High Jan 30 and key resistance
  • PRICE: 0.6504 @ 16:49 GMT Feb 29
  • SUP 1: 0.6478/6443 Low Feb 15 / 13 and the bear trigger
  • SUP 2: 0.6412 76.4% Fibonacci retracement for Oct - Dec upleg
  • SUP 3: 0.6360 Low Nov 14
  • SUP 4: 0.6339 Low Nov 10

AUDUSD traded to another pullback low Thursday. Recent gains appear to be a correction and the downtrend that started Dec 28, remains intact. The pair has recently attempted to clear resistance around the 50-day EMA, at 0.6570. A clear break of this average is required to suggest scope for a stronger recovery. On the downside, the bear trigger lies at 0.6443, the Feb 13 low. A breach would open 0.6412, a Fibonacci retracement point.

148 words

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.
  • RES 4: 0.6871 High Dec 28 and the bull trigger
  • RES 3: 0.6729/71 High Jan 12 / 3
  • RES 2: 0.6663 High Jan 16
  • RES 1: 0.6595/6625 High Feb 22 / High Jan 30 and key resistance
  • PRICE: 0.6504 @ 16:49 GMT Feb 29
  • SUP 1: 0.6478/6443 Low Feb 15 / 13 and the bear trigger
  • SUP 2: 0.6412 76.4% Fibonacci retracement for Oct - Dec upleg
  • SUP 3: 0.6360 Low Nov 14
  • SUP 4: 0.6339 Low Nov 10

AUDUSD traded to another pullback low Thursday. Recent gains appear to be a correction and the downtrend that started Dec 28, remains intact. The pair has recently attempted to clear resistance around the 50-day EMA, at 0.6570. A clear break of this average is required to suggest scope for a stronger recovery. On the downside, the bear trigger lies at 0.6443, the Feb 13 low. A breach would open 0.6412, a Fibonacci retracement point.