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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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Free AccessTesting The 50-Day EMA
- RES 4: 0.7503 High Jul 13
- RES 3: 0.7478 High Sep 3 and the bull trigger
- RES 2: 0.7410 High Sep 10
- RES 1: 0.7338/60 High Oct 8 / 61.8% of the Sep 3 - Sep 29 downleg
- PRICE: 0.7327 @ 06:47 BST Oct 11
- SUP 1: 0.7226/7170 Low Oct 6 / Low Sep 29
- SUP 2: 0.7120/06 / 2.0% 10-dma envelope / Low Aug 20 bear trigger
- SUP 3: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend
- SUP 4: 0.6991 Low Nov 2, 2020
AUDUSD is holding onto recent gains. The outlook remains bearish though, following recent weakness in September. 0.7194 has been cleared, 76.4% of the Aug 20 - Sep 3 rally and this opens 0.7106, Aug 20 low and a bear trigger. A break would confirm a resumption of the broader downtrend from late February. The Aussie is testing its 50-day EMA, at 0.7325. A clear breach would suggest scope for an extension of the correction.
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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.