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AUD

Struggles To Break 0.78 Handle

AUSSIE BONDS

Supply & Local Data Due

JPY

USD/JPY Remains Heavy

US TSYS

Assessing A Narrow Day

NZD

Kiwi Recoups Monday's Losses

‌‌(H1)‌‌ Bouncing Off Lows

US 10YR FUTURE TECHS
  • RES 4: 137-29+ High Jan 6
  • RES 3: 137-20+ High Jan 27 and the bull trigger
  • RES 2: 137-10+ High Jan 29
  • RES 1: 136-29+/37-02+ High Feb 5 / 20-day EMA
  • PRICE: 136-24+ @ 16:40 GMT Feb 8
  • SUP 1: 136-14+ Low Feb 8
  • SUP 2: 136-13 76.4% retracement of the Jan 12 - 27 rally
  • SUP 3: 136-10 Lower 2% Bollinger Band
  • SUP 4: 136-01 Low Jan 12 and a key support

Treasuries maintain a softer tone and initially traded lower Monday before bouncing. To the downside, price action is approaching 136-13, the 76.4% retracement of the rally between Jan 12 - 27. The recent focus had been on the potential for a stronger recovery however this is on hold for now. A breach of 136-13 would open 136-01, Jan 12 low and a key support. Resistance is seen at 136-29+, Feb 5 high. The 20-day EMA intersects at 137-02+.