Free Trial

(H18) Looking Heavy Again .....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) Looking Heavy Again 
*RES 4: 97.2816 - 100-DMA
*RES 3: 97.2350 - High Feb 6
*RES 2: 97.2000 - Hourly resistance Feb 6
*RES 1: 97.1750 - High Feb 7
*PRICE: 97.1150 @ 2030GMT
*SUP 1: 97.1000 - Hourly resistance Feb 5 now support
*SUP 2: 97.0790 - Bollinger band base
*SUP 3: 97.0700 - Hourly support Feb 5
*SUP 4: 97.0539 - Daily Bear channel base
*COMMENTARY: The weekly bull channel base comes in around 96.9874 this week with
bulls taking comfort in support emerging on dips back towards this level. Bears
look for a close below 96.9650 to confirm a break of the channel base and
potentially target 95.5895. Bulls now need a close above 97.2350 to ease
immediate bearish pressure and shift focus to 97.2816-3413 where 100 & 200-DMAs
are located.

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.