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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z18) 97.84 Key Support *RES....>
AUSSIE 3-YEAR TECHS: (Z18) 97.84 Key Support
*RES 3: 98.110 - High Nov 30, 17 (Continuation Chart)
*RES 2: 98.092 - 61.8% 98.350-97.675 (Continuation Chart)
*RES 1: 97.955 - 61.8% 98.050-97.800 (Continuation Chart)
*PRICE: 97.895 @ 15:03 GMT, Oct 11
*SUP 1: 97.795 - High June 11/13 now support
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
Prices returned to the middle of the recent range Friday in a somewhat quieter
session after the US treasury-induced excitement earlier in the week. To
reignite momentum a break below 97.84, or a break above 97.91 will trigger
another leg in either direction. Bulls look to construct a base around the 97.84
October low, bringing the 50- and 100-dmas at 97.931 and 97.901 into contention.
A close above these levels will be needed put bulls back in control. Bears eye a
fall back through the week's worst levels, eyeing trendline support kicks in at
97.753.
To read the full story
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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.