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Futures Off Lows, Still Heavy On The Day. Tech Update.

AUSSIE BONDS

A degree of stabilisation comes into the space, as futures edge away from lows. YM -17.5 and XM -5.0 at typing.

  • For YM, we are through the recent lows and onto longer term Fibonacci numbers based on the 2018-2020 range when it comes to technical support levels. The first of which comes in at the 50% retracement of that move (98.768), followed by the 61.8% retracement (98.510).
  • In XM, the Feb 26 low (98.045) is the next point of downside reference. A breach there would expose support based on the 2020 range (97.957).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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