Free Trial

(M9) Another Fresh Cycle.......>

AUSSIE 10-YEAR TECHS: (M9) Another Fresh Cycle High
*RES 3: 98.6800 - First Pivot Resistance (97.1900 - 98.3150)
*RES 2: 98.4629 - Uptrend from Sep'18
*RES 1: 98.3200 - All Time Highs (May14)
*PRICE: 98.2950 @ 16:19 BST, May 14
*SUP 1: 98.1298 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Aussie bonds were well supported Tuesday helping 10yr futures to edge to new
cycle highs at 98.3200. Any recovery above here switches focus to the
uptrendline drawn from September 2018 highs, which currently kicks in at 98.4629
and the first pivot resistance at 98.6800. To the downside, 98.1298 50-dma
support is the first level and a break below here will return focus lower, with
97.19 the medium-term target.

To read the full story



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.