Free Trial

(M4) Meets Support

AUSSIE 10-YEAR TECHS
  • RES 3: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 2: 96.160 - High Jul 20
  • RES 1: 96.110 - High Dec 28 and the bull trigger
  • PRICE: 95.630 @ 15:36 BST Apr 17
  • SUP 1: 95.595 - Low Apr 16
  • SUP 2: 95.390/275 - Low Nov 27 / 14
  • SUP 3: 94.965 - Low Oct 31

Aussie 10yr futures edged to a new pullback low Wednesday - led by US Treasuries - having failed to trouble resistance. Markets need to build from here through to mid-Feb highs of 95.870 to build a base ahead of 96.070, the Feb 2 high and next key resistance. 96.110, Dec 28 high, remains the bull trigger. Key support lies below at 95.390 as well as 95.275. Weakness through here would be bearish. First support to watch lies at 95.610, this week’s pullback low.

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.