Free Trial

(Z18) Remains Wedged Between....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Remains Wedged Between 100- and 200-dmas
*RES 4: 98.190 - 50% Fib 98.700-97.675 (Continuation Chart)
*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: 97.890 @ 16:28 GMT, Oct 22
*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
*SUP 4: 97.719 - June low
Prices traded in a narrow range Monday, ratcheting up the pressure for a
breakout in the coming sessions. This keeps the near-term support and resistance
levels in tact with the base at 97.84 holding for now and keeping the bulls in
control. But, to extend the move higher a close above 97.91 will be required,
bringing the 50- and 100-dmas at 97.930 and 97.901 into contention. To reignite
negative momentum a break below 97.84 would eye trendline support at 97.753.

To read the full story

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.