Free Trial

Upside Momentum Lacking Recovery.......>

AUSSIE TECHS
AUSSIE TECHS: Upside Momentum Lacking
Recovery efforts continue to stall ahead of the 0.72 level keeping the near term
outlook neutral. Downside focus remains on the Feb 21 & Feb 12 lows at
0.7070/54, below here opens the 50% retracement level at 0.7018. Bulls need to
take out the Jan 21 high at 0.7207 to reignite upside momentum, opening a move
toward the 200-dma at 0.7255, above which would shift the outlook bullish.

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.