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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Testing Key Resistance
- RES 4: 0.7432 High Nov 9
- RES 3: 0.7393 High Nov 10
- RES 2: 0.7371 High Nov 15, 2021
- RES 1: 0.7365 2.0% 10-dma envelope
- PRICE: 0.7321 @ 06:58 GMT Mar 3
- SUP 1: 0.7239/7191 Low Mar 1 / 50-day EMA
- SUP 2: 0.7095 Low Feb 24 and a key short-term support
- SUP 3: 0.7086/7052 Low Feb 14 / Low Feb 4
- SUP 4: 0.6968/6963 Low Jan 28 / Low Jul 16, 2020
AUDUSD continues to climb as the pair extends the rebound from 0.6968, the Jan 28 low. The pair is testing resistance at 0.7314, Jan 13 high where a break would reinforce bullish conditions and signal scope for a stronger recovery. Moving average studies are gradually turning bullish. A reversal to bull-mode in these indicators, would highlight a positive medium-term outlook. Key support has been defined at 0.7095, Feb 24 low.
To read the full story
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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.