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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 AccessTilting Higher
- RES 4: 0.7356 High Dec 5, 2018
- RES 3: 0.7295 High Jan 2019
- RES 2: 0.7276/84 High Aug 19 / High Feb 2019
- RES 1: 0.7230 High Aug 26
- PRICE: 0.7227 @ 16:54 BST Aug 26
- SUP 1: 0.7136/09 Low Aug 20 / Low Aug 12 and the bear trigger
- SUP 2: 0.7076 Low Aug 3 and a key support
- SUP 3: 0.7064 Low Jul 24
- SUP 4: 07046 50-dma
AUDUSD traded favourably into the US close, allowing markets to keep sights trained on last week's high of 0.7276 on Aug 19. The move lower on Aug 19 remains a potentially important S/T bearish threat and signals the possible start of a correction. The daily pattern on this day is a bearish engulfing candle and is reinforced by bearish divergence between price and momentum. Key resistance and the bull trigger is 0.7276. Watch support though at 0.7109, Aug 12 low and a bear trigger.
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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.