Free Trial

Topside Follow Through Lacking ...>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Topside Follow Through Lacking 
*RES 4: A$1.5298 - High June 20 2016
*RES 3: A$1.5226 - 2017 High June 1
*RES 2: A$1.5175 - High Aug 29
*RES 1: A$1.5119 - Hourly resistance Aug 29
*PRICE: A$1.5057 @ 2100GMT
*SUP 1: A$1.4990 - High Aug 24 now support 
*SUP 2: A$1.4900 - Hourly support Aug 23 
*SUP 3: A$1.4880 - Hourly support Aug 23a 
*SUP 4: A$1.4827 - Low Aug 22
*COMMENTARY: Having found support ahead of the 55-DMA (A$1.4833) bulls
capitalised last week with a rally that sees bulls focused on A$1.5226-1.5364
where 2017 highs are located. The Bollinger top (A$1.5064) is the key concern
for bulls and currently limits follow through. Bears continue to look for a
close below A$1.4990 to ease immediate bullish pressure and below A$1.4880 to
shift focus to A$1.4732.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });