BRIEF: EC Approves Italy's 5th NGEU Payment Request For EUR11 billion

MNI BRIEF: ECB's Eye On French Markets, Price Stability Key

MNI BRIEF: Lower Inflation Path Remains Bumpy - Lagarde

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 2.60% Aug-34 Bund Due Wednesday

Ita-coin Nowcast Negative For Second Month

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSSIE 10-YEAR TECHS: (U4) Off Highs, But Still Firm

AUSSIE 10-YEAR TECHS
RegionFixed Income Technical AnalysisGlobalBulletAPACAustralia
  • RES 3: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg  
  • RES 2: 96.110 - High Dec 28 and the bull trigger 
  • RES 1: 95.923 - High Jun 14 
  • PRICE: 95.580 @ 16:07 BST Jul 02
  • SUP 1: 95.235 - 76.4% retracement of the Nov - Dec ‘23 rally 
  • SUP 2: 94.965 - Low Oct 31 ‘23 
  • SUP 3: 94.866 - 2.618 proj of the Dec 28 - Jan 19 - Feb 2 price swing  

Prices returned lower into last Wednesday close on the back of the higher-than-expected Australian CPI release. Any further weakness would signal scope for a move towards 95.235, a Fibonacci retracement point on the continuation chart. Nonetheless, the corrective rally in Aussie 10y futures persisted into last week’s close, with new highs printed at 95.923. Key short-term resistance has been defined at 96.110 on the continuation chart. A firm break would highlight a possible reversal and signal scope for further gains.

158 words

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.
  • RES 3: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg  
  • RES 2: 96.110 - High Dec 28 and the bull trigger 
  • RES 1: 95.923 - High Jun 14 
  • PRICE: 95.580 @ 16:07 BST Jul 02
  • SUP 1: 95.235 - 76.4% retracement of the Nov - Dec ‘23 rally 
  • SUP 2: 94.965 - Low Oct 31 ‘23 
  • SUP 3: 94.866 - 2.618 proj of the Dec 28 - Jan 19 - Feb 2 price swing  

Prices returned lower into last Wednesday close on the back of the higher-than-expected Australian CPI release. Any further weakness would signal scope for a move towards 95.235, a Fibonacci retracement point on the continuation chart. Nonetheless, the corrective rally in Aussie 10y futures persisted into last week’s close, with new highs printed at 95.923. Key short-term resistance has been defined at 96.110 on the continuation chart. A firm break would highlight a possible reversal and signal scope for further gains.