Free Trial

(H18) Bears Need Close Below...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) Bears Need Close Below 21-DMA 
*RES 4: 97.3168 - 55-WMA
*RES 3: 97.3158 - 200-DMA
*RES 2: 97.3050 - High Mar 2
*RES 1: 97.2450 - Hourly support Mar 1 now resistance
*PRICE: 97.2250 @ 2030GMT
*SUP 1: 97.1769 - 21-DMA
*SUP 2: 97.1750 - Hourly resistance Feb 23 now support
*SUP 3: 97.1250 - Low Feb 22
*SUP 4: 97.0800 - Low Feb 21
*COMMENTARY: Topside hesitation around the 100-DMA (97.2849) and ahead of the
200-DMA took its toll with immediate pressure back on the 21-DMA. Bears still
need a close below the 21-DMA to shift focus back to 97.0167-0450 where 2018
lows and the LT bull channel base off 2008 lows are noted. Initial resistance
remains at 97.2450 with bulls needing a close above to return pressure to the
200-DMA & 55-WMA.

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.