Free Trial

(H9) Consolidation Continues...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Consolidation Continues
*RES 3: 97.8200 - Nov9 2016 high
*RES 2: 97.7378 - 61.8% 98.20-96.99
*RES 1: 97.6750 - High June 15, 2017
*PRICE: 97.6500 @ 14:33GMT, Dec27
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/YTD Low
Aussie 10y futures continued their period of consolidation Thursday, managing to
hold recent gains and keeping bulls on the front foot headed into the new year.
This shifts attention to 2017 highs printed at 97.6750 and Fib resistance beyond
at 97.7378. Positive formations in the dmas (50-dma breaking above the 100-dma)
continue to lend support to bulls. Bears need to clear the Nov 9 low at 97.1900
to regain control, targeting a move toward the Feb 6 ytd low at 97.0450.

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.