Free Trial

(M18) Bears Need Close Below...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Bears Need Close Below 97.2750 
*RES 4: 97.5000 - High Dec 8
*RES 3: 97.4691 - 100-WMA
*RES 2: 97.3850 - 2018 High Jan 8
*RES 1: 97.3550 - High Mar 23
*PRICE: 97.3150 @ 2030GMT
*SUP 1: 97.2750 - Alternating hourly support/resistance
*SUP 2: 97.1993 - 55-DMA
*SUP 3: 97.1750 - Hourly resistance Feb 23 now support
*SUP 4: 97.1747 - Bollinger band base
*COMMENTARY: The bounce from the 55-DMA last week saw the contract flirting with
the Bollinger top (97.3415) only to remain capped around 97.3550-3850. Bulls now
need a close above 98.3850 to shift focus to 97.5000-5399 where the 100-WMA is
noted. Bears now need a close below 97.2750 to ease bullish pressure and below
97.1750 to confirm traction below the 55-DMA and target 2018 lows.

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.