Free Trial

(H18) Weekly Bull Channel......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) Weekly Bull Channel Base The Focus 
*RES 4: 97.1850 - High Feb 9
*RES 3: 97.1830 - Daily Bear channel top
*RES 2: 97.1700 - High Feb 14, Daily Bear channel top
*RES 1: 97.1250 - High Feb 16
*PRICE: 97.1050 @ 2030GMT
*SUP 1: 97.0450 - 2018 Low Feb 6
*SUP 2: 96.9650 - Monthly Low Dec 7 2015
*SUP 3: 96.9570 - Daily Bear channel base
*SUP 4: 96.9080 - LT Bull channel base off 2008 Low
*COMMENTARY: Topside failures ahead of the 97.1850 resistance resulted in a
close below 97.1250 and focus firmly on the weekly bull channel base (96.9080).
Bears look for a close below 96.7900 (2015 low) to confirm a break of the
channel base and potentially target 95.5800. Bulls need a close above 97.1250 to
gain breathing room and above 97.2350 to shift initial focus to 97.2650-3300
where 55, 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.