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MNI

Ex-ECB Chief Economist Peter Praet Joins MNI

CZECHIA

EURCZK Trading At The Low of Its 2W Range

BONDS

Waiting for payrolls

EQUITIES

Energy Once Again Leads Early Gains

COMMODITIES

Energy Prices Up Sharply

FOREX

FX exchange traded spreads

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  • RES 3: 99.795 - High Aug 20 (cont)
  • RES 2: 99.300 - High Oct 14/15
  • RES 1: 99.120 - High Oct 19 and key near-term resistance
  • PRICE: 98.785 @ 15:32 GMT Nov 25
  • SUP 1: 98.540 - Low Oct 29
  • SUP 2: 98.510 - 61.8% 2018 - 2020 Range
  • SUP 3: 97.957 - 1.0% 10-dma envelope

Aussie 3yr futures are off recent lows, but rallies are shallow, with the contract holding the bulk of recent losses. This confirms the early November rally as corrective in nature, and keeps focus pointed lower. This leaves markets eyeing support at the 98.540 Oct 29 low as first support as well as 98.510, the 61.8% level for the 2018-2020 range.