Free Trial

(M18) O/S Daily Studies Now....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) O/S Daily Studies Now A Concern 
*RES 4: 97.4400 - 2018 High Apr 3
*RES 3: 97.4000 - Hourly resistance Apr 3
*RES 2: 97.3600 - High Apr 9
*RES 1: 97.2950 - Hourly support Apr 12 now resistance
*PRICE: 97.2450 @ 2130GMT
*SUP 1: 97.2300 - 55-DMA
*SUP 2: 97.2100 - Low Mar 22
*SUP 3: 97.1750 - Hourly resistance Feb 23 now support
*SUP 4: 97.0800 - Low Feb 21
*COMMENTARY: The dips below the 55-DMA lack follow through which is a concern
for bears with daily studies now at O/S levels and looking to correct. Bears
need a close below 97.1750 to confirm a break of the 55-DMA and to return focus
to 97.0450-0800 where the LT bull channel base off 2008 lows is situated. Bulls
need a close above 97.2950 to gain breathing room and above 97.3600 to return
initial 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.