© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Trend Outlook Is Bullish

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

‌‌(M2)‌‌ Heading South

US 10YR FUTURE TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed IncomeBond Market News
  • RES 4: 122-02 50-day EMA
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-09 High Apr 14 and a reversal point
  • RES 1: 119-22+/120-18+ 20-day EMA / High Apr 27
  • PRICE: 118-02+ @ 16:49 BST May 6
  • SUP 1: 117-19+ Low May 6
  • SUP 2: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing
  • SUP 3: 116-20 2.0% 10-dma envelope
  • SUP 4: 116.00 Round number support

Treasuries remain bearish and traded to a fresh cycle low on Friday. Support at 118-08, Apr 22 low, has been cleared, confirming a resumption of the primary downtrend and an extension of lower lows and lower highs. Moving average studies remain in a bear mode, reinforcing current conditions. Sights are on 116-28 next, the 0.764 proj of the Mar 7 - 28 - 31 price swing. Key short-term resistance is unchanged at 120-18+, Apr 27 high.

141 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 122-02 50-day EMA
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-09 High Apr 14 and a reversal point
  • RES 1: 119-22+/120-18+ 20-day EMA / High Apr 27
  • PRICE: 118-02+ @ 16:49 BST May 6
  • SUP 1: 117-19+ Low May 6
  • SUP 2: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing
  • SUP 3: 116-20 2.0% 10-dma envelope
  • SUP 4: 116.00 Round number support

Treasuries remain bearish and traded to a fresh cycle low on Friday. Support at 118-08, Apr 22 low, has been cleared, confirming a resumption of the primary downtrend and an extension of lower lows and lower highs. Moving average studies remain in a bear mode, reinforcing current conditions. Sights are on 116-28 next, the 0.764 proj of the Mar 7 - 28 - 31 price swing. Key short-term resistance is unchanged at 120-18+, Apr 27 high.