Free Trial

(Z17) Bear Channel Top Caps,....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z17) Bear Channel Top Caps, 97.820 Support Key 
*RES 4: 97.935 - Hourly resistance Sept 14 
*RES 3: 97.928 - 55-DMA 
*RES 2: 97.902 - Bollinger band top 
*RES 1: 97.893 - Daily Bear channel top
*PRICE: 97.840 @ 2030GMT
*SUP 1: 97.820 - Low Oct 6 
*SUP 2: 97.780 - Low Sept 28 & Oct 2 
*SUP 3: 97.760 - Hourly resistance Sept 21 now support 
*SUP 4: 97.720 - 2017 Low Sept 20
*COMMENTARY: The daily bear channel top is currently capping with the 97.893-950
region now key. Bulls need a close above 97.950 to confirm a break of the 55-DMA
and shift focus to 98.001-050 where 100 & 200-DMAs are situated. The 87.820
support remains key. Bears continue to look for a close below this level to
shift focus back to 2017 lows. Daily studies are well placed for further losses.

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.