Free Trial

AUSSIE 10-YEAR TECHS: (U4) Looks More Comfortable Above 96.000

AUSSIE 10-YEAR TECHS
  • RES 3: 96.975 - High Mar 14 
  • RES 2: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • PRICE: 96.095 @ 15:45 BST Sep 10
  • SUP 1: 95.370 - Low Sep 03  
  • SUP 2: 95.430 - Low Apr 26 
  • SUP 3: 95.275 - Low Nov 14

Aussie 10yr futures are holding the bulk of last week’s gains headed through through the first few sessions of this week, getting a late boost from Friday’s NFP. Prices look more solid above the 96.000 handle. For bulls to regain the upper hand, sights are on 96.207, a Fibonacci projection. The bear trigger has been defined at 95.525, the Jul 2 low.  

To read the full story

Close

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.