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Free Access(H18) 97.3100 & 97.4000........>
AUSSIE 10-YEAR TECHS: (H18) 97.3100 & 97.4000 Levels Remain Key
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.4000 - Low Dec 18 now resistance
*RES 1: 97.3850 - High Jan 5
*PRICE: 97.3500 @ 2030GMT
*SUP 1: 97.3100 - Hourly support Jan 4
*SUP 2: 97.2800 - Hourly support Jan 3
*SUP 3: 97.2400 - Low Dec 27
*SUP 4: 97.2200 - High Oct 25 now support
*COMMENTARY: Bears take comfort in the lack of topside follow through Friday and
the contract remaining capped ahead of 97.4000 on the pop above key DMAs. Bulls
look for a close above 97.4000 to confirm breaks of key DMAs, ending bearish
hopes and shifting immediate focus to 97.5200. Support layers remain and O/S
studies correcting are a concern for bears who now need a close below 97.3100 to
ease pressure on resistance layers.
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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.