Free Trial
AUSSIE 3-YEAR TECHS

(M2) RBA Presses Prices Further

US OUTLOOK/OPINION

GS: Below Consensus For Payrolls

US OUTLOOK/OPINION

JPM: Modestly Above Consensus For Payrolls

USDCAD TECHS

Corrective Cycle

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) Probing Key Resistance

BUND TECHS
  • RES 4: 173.48 1.00 proj of the Feb 25 - Mar 11 - Mar 18 price swing
  • RES 3: 172.83 Low May 5
  • RES 2: 172.51 High Feb 16
  • RES 1: 172.29 Intraday high
  • PRICE: 172.25 @ 04:57 GMT Mar 24
  • SUP 1: 171.42 Low Mar 23
  • SUP 2: 170.52 Low Mar 18 and key support
  • SUP 3: 170.00 Round number support
  • SUP 4: 169.24 Low Feb 25 and the bear trigger

Bund futures are firmer again today and key resistance at 172.20, Mar 11 high has been probed. A clear break of this level would represent an important short-term bullish development and signal the end of the recent period of consolidation. Also, a break higher would confirm a resumption of the upleg that started on Feb 25. This would open 172.51, Feb 16 high ahead of the 173.00 handle. Key support has been defined at 170.52, Mar 18 low.

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.