Free Trial

(M18) Flirting With LT Bull....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Flirting With LT Bull Channel Base 
*RES 4: 97.2223 - 100-DMA
*RES 3: 97.1800 - Low May 10 now resistance
*RES 2: 97.1500 - Alternating daily support/resistance
*RES 1: 97.1000 - Hourly resistance May 17
*PRICE: 97.0750 @ 2130GMT
*SUP 1: 97.0674 - Bollinger band base
*SUP 2: 97.0450 - 2018 Low Feb 6
*SUP 3: 96.9875 - 2017 Low Mar 10 2017
*SUP 4: 96.9650 - Monthly Low Dec 2015
*COMMENTARY: Pressure remains on the LT weekly bull channel base (97.0873) with
bears looking for a close below 97.0450 2018 lows to hint at a break with below
96.9650 needed to confirm and initially target 96.7950 2015 lows. Daily studies
remain well placed for a fresh leg lower. Bulls now need a close above 97.1000
to gain breathing room and above 97.1800 to shift focus back to key DMAs
97.2202-2712.

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.