Free Trial

(Z17) 98.020-060 Support........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z17) 98.020-060 Support Region Key 
*RES 4: 98.200 - Repeated daily highs June 
*RES 3: 98.168 - 100-WMA 
*RES 2: 98.130 - Low June 20 now resistance 
*RES 1: 98.110 - High Nov 28 & 29
*PRICE: 98.110 @ 2030GMT
*SUP 1: 98.060 - Daily Lows Nov 
*SUP 2: 98.050 - 21-DMA 
*SUP 3: 98.020 - Low Nov 16 & 17 
*SUP 4: 97.970 - 100-DMA
*COMMENTARY: The break of the key 98.090 resistance has lacked follow through
and remains capped ahead of 98.130. Bulls need a close above 98.130 to initially
target 98.168-200 and above 98.200 to shift focus to tests of 98.350 June highs.
The 98.020-060 support region where 21 (98.050) & 200 (98.040) DMAs are noted
REMAINS key. Bears need a close below 98.020 to ease bullish pressure and shift
focus back to 97.900-970.

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.