Free Trial

Fresh Impetus Needed *RES 4:...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: Fresh Impetus Needed
*RES 4: 97.6200 - High April 8, 17 (continuation chart)
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5400 - High April 19, 17 (Continuation chart)
*RES 1: 97.5200 - Dec 4, 17 (Continuation chart)
*PRICE: 97.4400 @ 18:27 GMT
*SUP 1: 97.3650 - Former range top, now support
*SUP 2: 97.3000 - Low Aug 7
*SUP 3: 97.2400 - Low Aug 2
*SUP 4: 97.2350 - High June 11 now support 
The overall picture remains bullish following the break above the 97.42 July
highs and another Sep-18 contract high. The break above Monday's 97.445 allows
bulls to focus on the December 2017 highs of 97.520 for confirmation. Longer
term trend indicators remain positive with the 100-dma on the cusp of rising
above the 200-dma for the generic contract. The former range top at 97.3650 is
now the support

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.