Free Trial

The pair opened in Asia at $0.7846 toward....>

AUSSIE
AUSSIE: The pair opened in Asia at $0.7846 toward the upper side of the $0.7818
to $0.7861 range witnessed yesterday, where US dollar strength was the theme
before consolidation set it. In the absence of any significant economic data in
Asia, further consolidation is expected. Regional equities and US rate yields
will be sourced for direction during the session. Key support is seen at
$0.7815/13, the level holds 50% fib $0.7733-0.7897 and the 100-dma, while hourly
resistance is found just above $0.7860. Aussie was last at $0.7845.

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.