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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.
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Free AccessUptrend Resumes
- RES 4: 0.7677 High Jun 6, 2018
- RES 3: 0.7638 38.2% retracement of the 2013-2020 downtrend
- RES 2: 0.7583 High Jun 14, 2018
- RES 1: 0.7516 76.4% of 2018-19 downleg
- PRICE: 0.7494 @ 11:26 GMT Dec 10
- SUP 1: 0.7427 Intraday low
- SUP 2: 0.7373 Low Dec 7 and key near-term support
- SUP 3: 0.7356 20-day EMA
- SUP 4: 0.7339 Low Nov 30
AUDUSD was firmer Wednesday clearing 0.7453, Dec 7 high and has continued north today. A bullish outlook dominates. This follows last week's break of 0.7414 that confirmed a resumption of the uptrend since Mar 19. MA studies are also in a bull mode reinforcing current conditions. Wednesday's breach of 0.7453 and 0.7484, a high last seen in July 2018, opens 0.7516 next. Key short-term support is at 0.7373, Dec 7 low.
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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.