Free Trial

The antipodean looks set to open in Asia.....>

AUSSIE
AUSSIE: The antipodean looks set to open in Asia toward the middle of the
$0.7504 to $0.7545 range witnessed so far today, where firmer base metals,
prices rose from 0.4 to 2.6% on the London Metal Exchange, helping to underpin
the aussie. NAB's Business Survey for November provides the main event risk for
the session ahead, October's survey showed a record high of 21 for business
conditions, while business confidence came in at 8, not quite as impressive, but
still above its long-term average. Hourly resistance is noted at $0.7555, a
break to open $0.7570 (Dec7 high), while the session low at $0.7502 provides
initial support, a break to expose $0.7492, which marks the weekly trend-line
support off $0.6827 low on Jan 15 2016. Aussie was last at $0.7526.

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.