Free Trial

AUSSIE 10-YEAR TECHS: (Z4) Bullish Outlook

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: 96.080 @ 15:20 BST Sep 24
  • SUP 1: 95.850 - Low Aug 8  
  • SUP 2: 95.525 - Low Jul 2
  • SUP 3: 95.430 - Low Apr 26 (cont)

The trend direction in Aussie 10yr futures remains up despite the latest pullback. MA studies are in a bullish set-up. The contract has recently pierced resistance at 96.180, the Aug 6 high (cont). A clear break of this level would confirm a resumption of the uptrend and pave the way for an extension towards 96.207, a Fibonacci retracement. The bear trigger has been defined at 95.525, Jul 2 low. Initial firm support is 95.850, Aug 8 low.

138 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: 96.080 @ 15:20 BST Sep 24
  • SUP 1: 95.850 - Low Aug 8  
  • SUP 2: 95.525 - Low Jul 2
  • SUP 3: 95.430 - Low Apr 26 (cont)

The trend direction in Aussie 10yr futures remains up despite the latest pullback. MA studies are in a bullish set-up. The contract has recently pierced resistance at 96.180, the Aug 6 high (cont). A clear break of this level would confirm a resumption of the uptrend and pave the way for an extension towards 96.207, a Fibonacci retracement. The bear trigger has been defined at 95.525, Jul 2 low. Initial firm support is 95.850, Aug 8 low.