Free Trial

(M0) Monday High In View.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M0) Monday High In View
*RES 3: 99.5598 - 1.236 projection of the Jan 2 -Feb 4 rally from Feb 13 low
*RES 2: 99.4850 - High Mar 10 and bull trigger
*RES 1: 99.3600 - High Apr 01
*PRICE: 99.0900 @ 16:28 BST, May 13
*SUP 1: 98.6300 - Low Mar 18
*SUP 2: 98.5700 - Low Jan 2
*SUP 3: 98.1828 - 1.0% 10-dma envelope
Markets started the week on the backfoot, erasing recent progress higher, and
these losses are yet to be recouped ahead of the Wednesday close. Bears now eye
a slip through 99.02 to mark down the outlook, opening further losses down to
the late March lows of 98.63, but that seems a way away at present. Any recovery
eyes initially a break of resistance at 99.3600, Mar 12 high. A break above here
opens the 99.4850 bull trigger, Mar 10 high.

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.