Free Trial
US DATA

Used Car Prices Stalled In 1H June

US TSYS

Falling Breakevens Help Cap Yield Gains

COMMODITIES

Oil Sharply Lower Amid Ongoing Demand Concerns

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Through Key Resistance

AUDUSD TECHS
  • RES 4: 0.7432 High Nov 9
  • RES 3: 0.7400 2.0% 10-dma envelope
  • RES 2: 0.7393 High Nov 10
  • RES 1: 0.7375 High Mar 4
  • PRICE: 0.7373 @ 17:35 GMT Mar 4
  • SUP 1: 0.7239/7197 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 has cleared resistance at 0.7314, Jan 13 high, reinforcing bullish conditions and signals scope for an extension higher Moving average studies are turning bullish. A confirmed 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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.