Free Trial

(U18) 97.965 Resistance.........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U18) 97.965 Resistance Remains Key 
*RES 4: 98.015 - Alternating daily support/resistance 
*RES 3: 97.965 - 2018 High July 2 
*RES 2: 97.964 - Bollinger band top 
*RES 1: 97.950 - High July 4
*PRICE: 97.915 @ 2130GMT
*SUP 1: 97.912 - 21-DMA 
*SUP 2: 97.891 - Low June 29 
*SUP 3: 97.869 - 200-DMA 
*SUP 4: 97.838 - 55-DMA
*COMMENTARY: The lack of topside follow through on recent 2018 & 8mth highs was
a concern for bulls with daily momentum divergence noted in past weeks, O/B
studies in general and the Bollinger top lurking just above. Bears look for a
close below 97.891 to confirm immediate focus on 97.835-869 where 55, 100 &
200-DMAs are noted. Bulls need a close above 97.965 to return focus to
98.017-038 where 100 & 200-WMAs are noted.

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.