MNI BRIEF: China CPI Expected To Rise Moderately - NBS

MNI BRIEF: China Aug Output, Investment Hit Lowest Of The Year

MNI: PBOC Net Injects CNY138.7 Bln via OMO Saturday

CHINA AUG INDUSTRIAL OUTPUT +4.5% Y/Y VS MEDIAN +4.6% Y/Y: NBS

CHINA PBOC CONDUCTS CNY138.7 BLN VIA 7-DAY REVERSE REPOS SAT

MNI BRIEF: Turkish Central Bank Sees Further Disinflation

EZ/UK Bond Supply Calendar: Slovakia Auction, BoE APF on Monday

MNI BRIEF: China Aug M1 Drops Further To Hit Record Low

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

AUSSIE 10-YEAR TECHS: (U4) Trend Needle Points North

AUSSIE 10-YEAR TECHS
RegionFixed Income Technical AnalysisGlobalBulletAPACFixed Income BulletsAustralia
  • 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: 96.085 @ 16:18 BST Aug 20
  • SUP 1: 95.525 - Low Jul 2  
  • SUP 2: 95.430 - Low Apr 26 
  • SUP 3: 95.275 - Low Nov 14

Aussie 10yr futures maintain a bullish short-term tone and the contract built on its latest gains earlier this month. The 96.000 handle has been cleared, the break above which is the first since early April on the continuation contract. Sights are on 96.207, a Fibonacci projection. The bear trigger has been defined at 95.525, the Jul 2 low. The latest pullback appears to have been a correction and this allowed an overbought condition to unwind. 

136 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: 96.975 - 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: 96.085 @ 16:18 BST Aug 20
  • SUP 1: 95.525 - Low Jul 2  
  • SUP 2: 95.430 - Low Apr 26 
  • SUP 3: 95.275 - Low Nov 14

Aussie 10yr futures maintain a bullish short-term tone and the contract built on its latest gains earlier this month. The 96.000 handle has been cleared, the break above which is the first since early April on the continuation contract. Sights are on 96.207, a Fibonacci projection. The bear trigger has been defined at 95.525, the Jul 2 low. The latest pullback appears to have been a correction and this allowed an overbought condition to unwind.