Free Trial

Schatz call condor


Cable makes another low

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
AUSSIE TECHS: Trading Above Key EMA Levels
*RES 4: 0.6684 1.00 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.6613 High Mar 10
*RES 2: 0.6570 High Apr 30 and bull trigger
*RES 1: 0.6512 High May 1
*PRICE: 0.6411 @ 16:50 BST May 6
*SUP 1: 0.6377/74 20-day EMA / 50-day EMA and key support zone
*SUP 2: 0.6337 Low Apr 24
*SUP 3: 0.6254 Low Apr 21 and key near-term support
*SUP 4: 0.6195 Low Apr 9
AUDUSD attention is still on a key area of support at 0.6377/74, the 20- and
50-day EMA levels respectively. So far, the pair has found support ahead of this
zone. An ability to remain above the averages would leave the current uptrend
intact and refocus attention on the key resistance at 0.6570. A break would
resume the uptrend and open 0.6613 and 0.6684/85. On the downside, clearance of
the EMA's would concern bulls and expose 0.6254, Apr 21 low.

To read the full story

Why Subscribe to

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.