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Why MNI
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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.
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Free Access(H9) Downside Bias Holds *RES...>
AUSSIE 3-YEAR TECHS: (H9) Downside Bias Holds
*RES 3: 98.458 - 76.4% 98.700-97.675
*RES 2: 98.450 - High Nov 9 2016
*RES 1: 98.370 - Jan3 2019 High
*PRICE: 98.240 @ 16:06 GMT Feb1
*SUP 1: 98.000 - 100-dma
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
3yr futures re-visited the lower levels of the week Friday as better US jobs
numbers helped squash global bond prices in the US and overseas. This reinforces
the view that the near-term bias remains negative. A correction back below the
98.20 level is required to extend any downtrend, opening support at the 50- and
100-dmas at 98.129 and 98.006 respectively. The medium- to longer-term trend,
however, remains bullish and a recovery and close back above 98.37 would open
the Nov 9 high 2016 at 98.450.
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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.