Free Trial

(H9) Expect Period of..........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Expect Period of Consolidation
*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: 97.6350 @ Dec21 Close
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/YTD Low
Following the Fed-induced boost to global bond prices, Aussie 10y consolidated
somewhat in the final trading session before Christmas, but bulls won't be too
concerned. 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.