Free Trial

(H1) Tests Key Support

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.100 - High Nov 20
  • RES 1: 99.035 - High Dec 23 and key resistance
  • PRICE: 98.900 @ 20:12 GMT Jan 6
  • SUP 1: 98.875 - Low Dec 7 and the bear trigger
  • SUP 2: 98.845 - Low Jun 8 and key support
  • SUP 3: 98.570 - Low Mar 20

Aussie 10yr futures traded sharply lower Jan 6 reversing the recent recovery between Dec 7 - 23. Price has today tested key support at 98.875, Dec 7 low where a break would strengthen a bearish case and signal scope for a deeper pullback. This would open 98.845, the Jun 8 low and a key support. OIn the upside, an initial key resistance has been defined at 99.035, Dec 23 high. A break is required to ease the bearish pressure.

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.