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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.
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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
(H2) Bearish Outlook Intact
- RES 3: 98.755 - High Sep 23
- RES 2: 98.430/460 - High Dec 21 / 06
- RES 1: 98.130 High Feb 3
- PRICE: 97.835 @ 16:39 GMT Mar 2
- SUP 1: 97.680 - Low Feb 23
- SUP 2: 97.625 - 76.4% 2018-20 Range
- SUP 3: 97.485 - Low Mar 19, 2020 & 0.5% 10-dma envelope
Aussie 10y futures edged to fresh lows on Feb 24 before rebounding back into its recent range. The low print reinforces bearish conditions and opens the next leg of weakness toward 97.625. A bearish theme follows the pull back in January and February, erasing strength that saw prices rise to challenge early December highs of 98.460. This remains the key resistance area and a break through here would open potential for gains toward 98.755, the Sep 23 high.
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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.