Free Trial

(H9) Poor Weekly Close *RES....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Poor Weekly Close
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.6600 @ 16:24 GMT, Jan18
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
10yr futures finished the week close to the lows, placing the onus on the bears
to begin the new week. Bears need to clear the 50-dma at 97.5212 to fully regain
control, targeting a move toward the 61.8% Fib retracement for the 91.19-97.965
move at 97.4861. Bulls continue to target 97.7549 as the first target. Any rally
through the year's best levels opens the Oct 3 2016 high at 98.0900 and a break
opens the 2016 high at 98.2000.

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.