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G10 Markets
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Real-time insight on key fixed income and fx markets.
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Free AccessTrendline Support Broken AUDUSD has....>
AUSSIE TECHS: Trendline Support Broken
AUDUSD has fallen over a big figure since last week's failure to close above
0.72 with the cross challenging the up trendline since from the Mar8 low which
comes in at 0.7095. A close below here would open the 38.2% retracement & Mar 29
low at 0.7083/73. Below here lies the April lows of 0.7053 and the March low of
0.7003. To regain the upper hand bulls need to recover the 200-dma at 0.7185 to
open a move towards 0.7226/46 which represents the 76.4% retracement of
0.7295-0.7003 & Feb 6 high.
To read the full story
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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.