Free Trial

(H9) YTD Highs Within Reach....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) YTD Highs Within Reach
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.9450 @ 16:25 GMT, Mar6
*SUP 1: 97.5863 - 100-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
RBA rate cut talk and woeful Australian GDP figures saw Aussie 10y futures stage
another test on the year's best levels of 97.9650, stopping just short, but
closing the gap nonetheless. This solidifies the 50-dma as firm support at
97.7951. A break below here would keep the 100-dma in view at 97.5934. A fall
through here would see bears regain control, targeting a move toward the 61.8%
Fib retracement of 91.19-97.965 & 200-dma at 97.4861/86.

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.