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Free Access(H18) Weekly Bull Channel......>
AUSSIE 10-YEAR TECHS: (H18) Weekly Bull Channel Base The Focus
*RES 4: 97.2000 - Hourly resistance Feb 6
*RES 3: 97.1850 - High Feb 9
*RES 2: 97.1700 - High Feb 14
*RES 1: 97.1250 - Hourly support Feb 13 now resistance
*PRICE: 97.0700 @ 2030GMT
*SUP 1: 97.0450 - 2018 Low Feb 6
*SUP 2: 97.0152 - Daily Bear channel base
*SUP 3: 96.9939 - Weekly Bull channel base (Off 2008 Low)
*SUP 4: 96.9650 - Monthly Low Dec 7 2015
*COMMENTARY: Topside failures ahead of the 97.1850 resistance have resulted n a
close below 97.1250 and focus firmly on the weekly bull channel base (96.9939).
Bears look for a close below 96.9650 to confirm a break of the channel base and
potentially target 95.5895. Bulls need a close above 97.1250 to gain breathing
room and above 97.2350 to shift initial focus to 97.2797-3358 where 55, 100 &
200-DMAs are located.
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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.