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(M2) RBA Presses Prices Further


GS: Below Consensus For Payrolls


JPM: Modestly Above Consensus For Payrolls


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(M1) Probing Key Resistance

  • 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 |
MNI London Bureau | +44 203-586-3805 |

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