Free Trial

Topside Follow Through Lacking *.......>

AUSSIE TECHS
AUSSIE TECHS: Topside Follow Through Lacking
* Topside hesitation ahead of the $0.7442-59 resistance region ensures focus
remains on 2018 lows. 
* Daily studies remain well placed for a fresh leg lower with a close below
$0.7308 still needed to shift focus to tests of $0.7142 2017 lows.
* Bulls continue to look for a close above $0.7459 to gain breathing room. 
* A close above $0.7484 remains needed to confirm a break of the 55-DMA
($0.7481) and hint at a move back to $0.7582-0.7735 where 100 ($0.7582) & 200
($0.7678) DMAs are located with above $0.7552 confirming.

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.