Free Trial

(M18) Above 97.1350 To Gain....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Above 97.1350 To Gain Breathing Room 
*RES 4: 97.2286 - 55-DMA
*RES 3: 97.2100 - Low Apr 17 now resistance
*RES 2: 97.1850 - Hourly resistance Apr 20
*RES 1: 97.1350 - Alternating hourly support/resistance
*PRICE: 97.1050 @ 2130GMT
*SUP 1: 97.0800 - Low Feb 21
*SUP 2: 97.0688 - Weekly Bull channel base off 2008 Low
*SUP 3: 97.0450 - 2018 Low Feb 6
*SUP 4: 96.9650 - Monthly Low Dec 7 2015
*COMMENTARY: Losses continue and add to bearish confidence with the contract
remaining offered and bears focused on 97.0450-0800 where the weekly bull
channel base off 2008 lows is located. O/S studies and the Bollinger base
(97.1239) remain key concerns for bears. Bulls now need a close above 97.1350 to
gain breathing room and above the 21-DMA (97.2848) to shift initial focus back
to 97.3600 and overall focus to 97.4000-4400.

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.