Free Trial

(H9) Arrests Four Daily.........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Arrests Four Daily Declines
*RES 3: 98.458 - 76.4% 98.700-97.675
*RES 2: 98.450 - High Nov 9 2016
*RES 1: 98.445 - 2019 High
*PRICE: 98.340 @ 16:01 GMT Feb 14
*SUP 1: 98.047 - 100-dma
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
The four day downtrend in 3yr futures halted somewhat Thursday, with a rally in
US treasuries helping support the global bond futures market. The modest rally
topped out at 98.35 before retreating, which become first (weak) resistance.
Bullish targets hold at 98.45 and 98.560, marking the Nov9 2016 high and the
Oct3 2016 respectively. For bears, a correction back below the 98.20 level is
required to accelerate any downtrend, opening support at the 50- and 100-dmas at
98.209 and 98.047 respectively.

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.