Free Trial
SOUTH AFRICA

ZARJPY Approaching 38.2% Fibo Resistance

OUTLOOK

Monday/Tuesday Data Calendar

EGB OPTIONS

Bund call seller

AUD

Extending gains

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(M1) Corrective Bounce

BUND TECHS
  • RES 4: 171.62 High Apr 14
  • RES 3: 171.27 High Apr 22
  • RES 2: 170.98 High May 7 and key short-term resistance
  • RES 1: 170.13 20-day EMA
  • PRICE: 169.19 @ 04:56 BST May 17
  • SUP 1: 168.59 Low May 13
  • SUP 2: 168.52 Low Mar 20, 2020 (cont)
  • SUP 3: 168.19 1.0% 10-dma envelope
  • SUP 4: 168.09 0.764 proj of the Jan 27 - Feb 25 - Mar 25 price swing

Bund futures maintain a weaker tone and recent gains are considered corrective. Last week's sell-off resulted in a breach of support at 169.47, May 3 low as well as 169.24, Feb 24 low, opening further losses below 169.00. A volatility band support lies at 168.19 going with scope too for 168.09, a Fibonacci projection. A key short-term resistance has been defined at 170.98, Apr 7 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.