Free Trial

(M9) 50-dma Support Within.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) 50-dma Support Within Reach
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.2704 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.0350 @ 16:20 BST, Apr 12
*SUP 1: 98.0013 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
As global equities rallied, Aussie 10yr futures fell sharply this week after a
few consecutive sessoins of quiet. Prices failed to recover above 98.1950
earlier in the week, keeping bears in control for now. Downside targets shift to
the 50-dma at 98.0013 which looks like firm support. A break below here will go
a long way to strengthening the downside case. For bulls to stage any recovery,
98.1775 is the first target ahead of all time highs at 98.2850.

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.