Free Trial

(H3) Rallies Sold, But Outlook Still Positive

AUSSIE 10-YEAR TECHS
  • RES 3: 97.185 - High Apr 5
  • RES 2: 97.040 - Aug 03
  • RES 1: 96.760 - High Aug 16
  • PRICE: 96.580 @ 15:39 GMT Dec 14
  • SUP 1: 95.930/675 - Low Nov 8 / Low Oct 21
  • SUP 2: 95.670 - Low Jun 17
  • SUP 3: 95.590 - Low Dec 2013 and a key medium-term support

Aussie 10yr futures have reversed the entirety of the US-CPI inspired rally. Nonetheless, key short-term resistance at 96.355, Oct 6 high, has been breached this week, which keeps the medium-term outlook positive despite the sell-on-rallies intraday theme. 96.714 marks the first resistance for now, and a break above would open a leg to contract highs.

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.