FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Tests Key Resistance

AUDUSD TECHS
  • RES 4: 0.6751 76.4% retracement of the Dec 28 - Apr 19 bear leg
  • RES 3: 0.6729 High Jan 12
  • RES 2: 0.6705 High Jan 15
  • RES 1: 0.6668/79 High Mar 8 and key resistance / Intraday high
  • PRICE: 0.6630 @ 14:56 BST May 15
  • SUP 1: 0.6550 50-day EMA
  • SUP 2: 0.6465/6363 Low May 1 / Low Apr 19 and the bear trigger
  • SUP 3: 0.6339 Low Nov 10 and a key support
  • SUP 4: 0.6315 Low Oct 31 ‘23

A bullish condition in AUDUSD remains intact. Recent gains have resulted in the break of a number of short-term resistance points. This highlighted potential for a test of 0.6668, the Mar 8 high and a key resistance. It has been tested today, a clear break of 0.6668 would strengthen a bullish theme. On the downside, support to watch lies at 0.6550, the 50-day EMA. A reversal lower and a clear breach of this average would instead be bearish.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.