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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(M2) Edges Off Recent Highs
- RES 3: 97.455 - High Mar 18
- RES 2: 97.185 - High Apr 5
- RES 1: 96.945 - High Apr 26 and key short-term resistance
- PRICE: 96.485 @ 15:27 BST Jun 06
- SUP 1: 96.330 - Low May 10
- SUP 2: 96.200 - 3.0% Lower Bollinger Band
- SUP 3: 96.124 - 0.5% 10-dma envelope
Aussie 10yr futures are drifting away from recent highs. This keeps the primary trend pointed down. MA studies continue to highlight a bearish backdrop and recent weakness has maintained a bearish price sequence of lower lows and lower highs - the definition of a downtrend. A resumption of weakness would open 96.200 - the 3.0% lower Bollinger Band as well as 96.124. Key short-term resistance remains at 96.945, the Apr 26 high.
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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.