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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

AUSSIE
AUSSIE: AUD/USD is running higher in early Asia-Pacific trade, last 20 pips
better off at $0.7160, benefitting from the BBG report in the NY/Asia crossover
which suggested that "President Donald Trump is increasingly eager to strike a
deal with China soon in an effort to perk up financial markets that have slumped
on concerns over the trade war, according to people familiar with internal White
House deliberations." Several WSJ headlines came out after U.S. & China
negotiators met for the second day straight summarising that talks were going
well and that they had narrowed differences on trade. The two sides are still
not ready to strike a deal, with talks continuing Wednesday (an extension).
- Bulls look to $0.7179, the 100-DMA, ahead of cloud base resistance & 76.4%
retracement level at $0.7207/40. Bears need a close below broken trendline
resistance-turned support at $0.6991 to regain control.
- Domestic focus falls on AU building approvals data, with eyes also on U.S.
Pres Trump's address re: border security and the general risk backdrop, ahead of
the release of the Dec FOMC meeting minutes Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com