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AUSSIE 3-YEAR TECHS

(U2) Back Above Bear Trigger

USDCAD TECHS

Trend Outlook Is Bullish

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(M2)‌‌ Corrective Bounce

US 10YR FUTURE TECHS
  • RES 4: 122-12+ High Apr 4
  • RES 3: 121-19+ 50-day EMA
  • RES 2: 121-09 High Apr 14
  • RES 1: 119-13/120-18+ 20-day EMA / High Apr 27
  • PRICE: 119-01 @ 15:48 BST May 10
  • SUP 1: 117-08+ Low May 9
  • SUP 2: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing
  • SUP 3: 116-15 2.0% 10-dma envelope
  • SUP 4: 116.00 Round number support

Treasuries remain bearish and traded to a fresh trend low Monday. The move lower confirms a resumption of the primary downtrend and an extension of the price sequence of lower lows and lower highs. Recent corrections have tended to be shallow and this also highlights bearish sentiment. Sights are on 116-28 next, a Fibonacci projection. Key resistance is 120-18+, Apr 27 high. Short-term gains are considered corrective.

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  • RES 4: 122-12+ High Apr 4
  • RES 3: 121-19+ 50-day EMA
  • RES 2: 121-09 High Apr 14
  • RES 1: 119-13/120-18+ 20-day EMA / High Apr 27
  • PRICE: 119-01 @ 15:48 BST May 10
  • SUP 1: 117-08+ Low May 9
  • SUP 2: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing
  • SUP 3: 116-15 2.0% 10-dma envelope
  • SUP 4: 116.00 Round number support

Treasuries remain bearish and traded to a fresh trend low Monday. The move lower confirms a resumption of the primary downtrend and an extension of the price sequence of lower lows and lower highs. Recent corrections have tended to be shallow and this also highlights bearish sentiment. Sights are on 116-28 next, a Fibonacci projection. Key resistance is 120-18+, Apr 27 high. Short-term gains are considered corrective.