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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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(H3) Weaker Into Friday Close

AUSSIE 10-YEAR TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income News
  • RES 3: 97.185 - High Apr 5
  • RES 2: 97.040 - High Aug 03
  • RES 1: 96.650 - High Jan 25
  • PRICE: 96.450 @ 16:30 GMT Jan 31
  • SUP 1: 95.675 - Low Oct 24
  • SUP 2: 95.670 - Low Jun 17 and a key support
  • SUP 3: 95.360 - 1.00 proj of the Aug - Oct - Dec price swing

Aussie 10y futures faded on the back of a higher than expected inflation release last week, putting prices at new pullback lows at 96.400. Nonetheless, prices remain well above the late December lows, but still short of the next material resistance at 96.714. For now, the bear leg remains in play and the recent continuation lower into end-2022 suggests scope for weakness near-term. An extension would expose the key support at 95.675, the Oct 24 low and 95.670, the Jun 17 low, on the continuation chart.

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  • RES 3: 97.185 - High Apr 5
  • RES 2: 97.040 - High Aug 03
  • RES 1: 96.650 - High Jan 25
  • PRICE: 96.450 @ 16:30 GMT Jan 31
  • SUP 1: 95.675 - Low Oct 24
  • SUP 2: 95.670 - Low Jun 17 and a key support
  • SUP 3: 95.360 - 1.00 proj of the Aug - Oct - Dec price swing

Aussie 10y futures faded on the back of a higher than expected inflation release last week, putting prices at new pullback lows at 96.400. Nonetheless, prices remain well above the late December lows, but still short of the next material resistance at 96.714. For now, the bear leg remains in play and the recent continuation lower into end-2022 suggests scope for weakness near-term. An extension would expose the key support at 95.675, the Oct 24 low and 95.670, the Jun 17 low, on the continuation chart.