AUSSIE 3-YEAR TECHS: (M6) 50-dma Break Proves Short-Lived
May-20 21:45
* RES 3: 95.900 - High Jan 8 and a key short-term resistance * RES 2: 95.653 - 23.6% retracement Oct...
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AUSSIE 3-YEAR TECHS: (M6) Strength Extends
Apr-20 21:45
- RES 3: 95.900 - High Jan 8 and a key short-term resistance
- RES 2: 95.653 - 23.6% retracement Oct - Mar Downleg (cont)
- RES 1: 95.479 - 50-dma
- PRICE: 95.415 @ 14:36 BST Apr 17
- SUP 1: 95.235 - 1.0% Lower Bollinger Band
- SUP 2: 95.035 - Low Mar 22
- SUP 3: 94.413 - 1.0% 10-dma envelope
Markets rallied well into the Friday close on the back of significant Iran de-escalation - pushing prices well toward first key resistance into the 95.489 50-dma. Any progress above there opens 95.653, the 23.6% retracement for the downleg posted off the October high on the continuation contract. The bear mode set-up in MA studies is highlighting a dominant downtrend. In addition, any weakness through year-to-date lows at 95.560 has prompted further downside, opening vol-band support into 94.390.
ASIA: Coming Up In Asian Markets On Tuesday
Apr-20 21:20
| 0000BST | 0800HKT | 1000AEST | South Korea Apr First 20days Trade |
| 0800BST | 1600HKT | 1800AEST | Taiwan Mar Export Orders |
Source: Bloomberg Finance L.P./MNI
ASIA: Coming Up In Asia Pac Markets On Tuesday
Apr-20 21:02
| 2245BST | 0645HKT | 0845AEST | New Zealand Q1 CPI |
| 0000BST | 0800HKT | 1000AEST | South Korea Apr First 20days Trade |
Source: Bloomberg Finance L.P./MNI
