RENEWABLES: UK Morning Wind Forecast

Jul-03 06:59

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See the latest UK renewables forecast for base-load hours for the next seven days. UK wind output is...

Historical bullets

GILTS: Opening calls

Jun-03 06:57

Gilt calls, 91.69/91.73.

EQUITIES: EU Cash Opening calls

Jun-03 06:57

Estox 50: +0.34%, Dax: +0.51%, CAC: +0.37%, FTSE +0.25%, SMI +0.46%,

AUDUSD TECHS: Trend Signals Remain Bullish

Jun-03 06:57
  • RES 4: 0.6603 High Nov 11 ‘24  
  • RES 3: 0.6582 High Nov 12 ‘24
  • RES 2: 0.6550 61.8% retracement of the Sep 30 ‘24 - Apr 9 bear leg
  • RES 1: 0.6537 High May 26  
  • PRICE: 0.6460 @ 07:56 BST Jun 3 
  • SUP 1: 0.6391/89 2.0% Lower 10-day Bollinger Band / 50-day EMA 
  • SUP 2: 0.6357 Low May 12    
  • SUP 3: 0.6275 Low Apr 14 
  • SUP 4: 0.6181 Low Apr 11 

AUDUSD is trading in a range. Trend signals are bullish and the pair continues to trade closer to its recent highs. Key support lies at 0.6389, the 50-day EMA. A clear break of this average is required to signal a potential short-term reversal. The pair has recently cleared a key short-term resistance at 0.6515, the May 7 high. This confirms a resumption of the uptrend signalling scope for a climb to 0.6550, a Fibonacci retracement.