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(M18) Bulls Need Close Above...>
AUSSIE 10-YEAR TECHS: (M18) Bulls Need Close Above 97.1500
*RES 4: 97.2289 - 55-DMA
*RES 3: 97.2100 - Low Apr 17 now resistance
*RES 2: 97.1850 - Hourly resistance Apr 20
*RES 1: 97.1500 - High Apr 24
*PRICE: 97.0950 @ 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: 96.9875 - 2017 Low Mar 10 2017
*COMMENTARY: The contract remains offered with immediate bearish focus on
97.0450-0800 where the weekly bull channel base off 2008 lows is located. O/S
studies and the Bollinger base (97.0845) remain key concerns for bears. Bulls
now need a close above 97.1500 to gain breathing room and above the 200-DMA
(97.2805) to shift initial focus back to 97.3600 and overall focus to
97.4000-4400. Below 96.9650 is needed to initially 2015 lows (96.7950).
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Why MNI
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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.