Free Trial

(H0) Firmer Off The Day Low....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Firmer Off The Day Low
*RES 3: 98.9500 - High Dec 5
*RES 2: 98.8950 - High Dec 10 and 11
*RES 1: 98.8850 - High Dec 5
*PRICE: 98.8250 @ 19:31 GMT, Dec 13
*SUP 1: 98.7125 - Low Dec 16
*SUP 2: 98.6950 - Low Dec 13
*SUP 3: 98.6667 - 1.382 projection of Nov 28 - Dec 3 low from Dec 5 high
Aussie 10-yr futures futures are firmer off today's low. Gains are most likely a
correction though following the sharp sell-off on Dec 13. This resulted in a
break of 98.8100, Dec 3 low and reinforced the near-term bearish risk. The
trigger for a fresh round of weakness is at 98.6950 where a break would open
98.6667 and 98.6452, both Fibonacci projection levels. On the upside, resistance
is at 98.8850, Dec 13 high.

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.