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Why MNI
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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.
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Free Access(M9) Inches Higher *RES 3:.....>
AUSSIE 10-YEAR TECHS: (M9) Inches Higher
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.1800 - Sep1 2016 High
*RES 1: 98.0900 - Oct3 2016 High
*PRICE: 98.0750 @ 15:27 GMT, Mar 19
*SUP 1: 97.8509 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Tuesday saw fresh contract highs in Aussie 10yr futures, printing up at 98.08 as
housing data disappointed to the downside. This makes a test of, and rally
through, the Oct3 2016 high at 98.09 the next target. This keeps pressure to the
upside, with the 98.20 mark now a serious prospect. However, the likelihood of a
small pause to this rally is rising. The Tuesday bump higher has knocked the RSI
into 'overbought' territory. To the downside, recent price action has solidified
the 50-dma as firm support at 97.8510. A break below here would open the 97.6921
mark, the 38.2% Fib retracement for the 97.1900-98.0025 move.
To read the full story
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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.