Free Trial

(Z17) Bulls Need Close Above....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z17) Bulls Need Close Above 97.950 
*RES 4: 98.036 - 200-DMA 
*RES 3: 97.984 - 100-DMA 
*RES 2: 97.950 - Low Sept 13 now resistance 
*RES 1: 97.946 - Bollinger band top
*PRICE: 97.940 @ 2030GMT
*SUP 1: 97.900 - Low Oct 27 
*SUP 2: 97.880 - High Oct 24 now support 
*SUP 3: 97.820 - Low Oct 6 
*SUP 4: 97.780 - Low Sept 28 & Oct 2
*COMMENTARY: Dips back to 97.820 continued to find support last week resulting
in a rally and bullish closes that have so far remained capped ahead of the key
97.950 resistance. Bulls need a close above 97.950 to shift focus to
97.984-98.050 where 100 & 200-DMAs are located. The Bollinger top is the key
concern for bulls. Bears still need a close below 97.880 to ease immediate
bullish pressure. and shift focus back to 97.820.

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.