Free Trial

(H0) Bullish Breakout *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Bullish Breakout
*RES 3: 99.1700 - High Aug 16
*RES 2: 99.1550 - High Oct 9
*RES 1: 99.0650 - High Jan 28
*PRICE: 98.9950 @ 16:32 GMT, Jan 27
*SUP 1: 98.7150 - Low Jan 14 and key near-term support
*SUP 2: 98.5900 - Low Jan 3
*SUP 3: 98.5700 - Low Jan 2 and primary support
Aussie 10-year futures jerked sharply higher Tuesday, hitting the best levels
since October last year as markets gear up for this week's inflation numbers and
the RBA rate decision next week. With resistance at 99.0200/99.0284 now taken
out, markets have secured a close above the 100-dma, spelling more trouble for
bears. October highs are now the longer-term target for bulls To the downside,
the initial focus though is on 98.715, Jan 14 low where a break is required to
signal a fresh round of stronger bearish pressure. 98.8600 is a key downside
risk parameter.

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.