Free Trial

(U17) 97.980 Support Remains....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U17) 97.980 Support Remains Key 
*RES 4: 98.116 - 100-DMA 
*RES 3: 98.093 - 200-DMA 
*RES 2: 98.080 - High June 30 
*RES 1: 98.050 - High July 27
*PRICE: 98.020 @ 2130GMT
*SUP 1: 97.980 - Alternating daily support/resistance 
*SUP 2: 97.940 - Low July 26 
*SUP 3: 97.928 - Bollinger band base 
*SUP 4: 97.900 - Hourly support July 20
*COMMENTARY: Bulls took comfort in the bounce from Wednesday's low that resulted
in a close above the 21-DMA (98.000) adding support to the bullish case although
the lack of follow through above 98.040 is less than ideal. In saying that,
bears still need a close below 97.980 to ease pressure on 98.050-080 and shift
immediate focus back to 98.940 and overall focus back to 97.860-900. Above
98.080 brings key DMAs 98.093-142 into focus.

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.