Free Trial
USDCAD TECHS

Bullish Outlook

AUDUSD TECHS

Trend Needle Still Points South

US

US-ASEAN Summit Concludes

CANADA

Risk-On Sentiment Dominates

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(H2)‌‌ Support Remains Exposed

US 10YR FUTURE TECHS
  • RES 4: 129-31 Low Dec 8
  • RES 3: 129-16 50-day EMA
  • RES 2: 129.14 High Jan 5
  • RES 1: 128-19/27 20-day EMA / High Jan 13
  • PRICE: 127-21 @ 16:57 GMT Jan 27
  • SUP 1: 127-06+/02 Low Jan 26 / Low Jan 19 and the bear trigger
  • SUP 2: 127-00+ Low Jul 31, 2019 (cont)
  • SUP 3: 126-23 Low Jul 17, 2019 (cont)
  • SUP 4: 126-10+ 61.8% retracement of the 2018 - 2020 bull cycle

Treasuries dipped Wednesday in response to the Fed rate decision and price remains near its recent lows. This keeps the broader downtrend intact. A bearish theme follows the recent break of support at 127-30, Jan 10 low. Furthermore, moving average studies remain in a bear mode, clearly highlighting current sentiment. 127-02, Jan 19 low, is the bear trigger for a resumption of the downtrend. Key S/T resistance is at 128-27, Jan 13 high.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.