MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

AUSSIE 10-YEAR TECHS: (Z4) Through First Support

AUSSIE 10-YEAR TECHS
Fixed Income Technical AnalysisAPACAustraliaBulletGlobalFixed Income BulletsRegionMarkets
  • 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: 95.760 @ 15:02 BST Oct 10
  • SUP 1: 95.740 - Low Oct 10
  • SUP 2: 95.525 - Low Jul 2
  • SUP 3: 95.430 - Low Apr 26 (cont)

Aussie 10-yr futures slipped through support in response to the stronger-than-expected US jobs print on Friday, and remain heavy headed through toward the end of the week. This counters the recent bullish set-up. Prices fell through 95.850 Friday, narrowing the gap with the next key support on further weakness at the Jul 2 low of 95.525. Any recovery and clear break higher 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.

152 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: 95.760 @ 15:02 BST Oct 10
  • SUP 1: 95.740 - Low Oct 10
  • SUP 2: 95.525 - Low Jul 2
  • SUP 3: 95.430 - Low Apr 26 (cont)

Aussie 10-yr futures slipped through support in response to the stronger-than-expected US jobs print on Friday, and remain heavy headed through toward the end of the week. This counters the recent bullish set-up. Prices fell through 95.850 Friday, narrowing the gap with the next key support on further weakness at the Jul 2 low of 95.525. Any recovery and clear break higher 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.