Free Trial

(H9) Uptrend Resumes *RES 3:...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Uptrend Resumes
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.7150 @ 16:18 GMT, Jan14
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
After printing 97.9650 alongside the currency flash crash at the beginning of
the year, the over-arching bull theme was called into question as prices
retreated, but 10yr futures have proved more constructive over the past few
sessions, allowing bulls 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. Bears need to clear the Nov 9 low at 97.1900 to
regain control, targeting a move toward the Feb 6 2018 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.