Free Trial
JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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

Tops Key Resistance

AUDUSD TECHS
  • RES 4: 0.7341 61.8% retracement of the Oct 28 - Dec 3 downleg
  • RES 3: 0.7312 Former channel base drawn from the Aug 20 low
  • RES 2: 0.7278 1.0% 10-dma envelope
  • RES 1: 0.7276 High Dec 30
  • PRICE: 0.7258 @ 15:13 GMT Dec 31
  • SUP 1: 0.7173 20-day EMA
  • SUP 2: 0.7082/7040 Low Dec 20 / Low Dec 7
  • SUP 3: 0.6993/91 Low Dec 3 / Low Nov 2 2020 and a key support
  • SUP 4: 0.6963 Low Jul 16 2020

AUDUSD breached the Dec 16 high of 0.7224 ahead of the holiday break and has strengthened since, triggering a resumption of bullish activity. The 50-day EMA at 0.7233 has alsos been cleared, strengthening bullish conditions and the focus is on 0.7312, former channel base drawn from the Aug 20 low. Key short-term support has been defined at 0.7082, the Dec 20 low. A break would reinstate a bearish theme and open the key support zone at 0.6993/91.

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.