Free Trial

(M9) Going Nowhere Fast *RES....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Going Nowhere Fast
*RES 3: 98.918 - 123.6% Fib Projection (97.775-98.700)
*RES 2: 98.813 - 1st Pivot Resistance 98.270-98.700
*RES 1: 98.700 - 2019/All Time High
*PRICE: 98.600 @ 15:49 BST Apr 8
*SUP 1: 98.482 - 23.6% Fib Retracement (97.775 - 98.700)
*SUP 2: 98.453 - 50-dma
*SUP 3: 98.277 - 100-dma
Aussie 3yr futures retreated further from all time highs posted in late March at
98.70 as upside momentum continues to drain from Antipodean bond markets. As a
result, the near-term onus remains lower. First support kicks in at 98.482, with
the 50-dma underpinning at 98.453. Bulls need to recover all time highs at 98.70
in order to initially target 1st pivot resistance at 98.813 and the 98.918 Fib
projection.

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.