Free Trial

(M9) Pressure Still Points.....>

AUSSIE 10-YEAR TECHS: (M9) Pressure Still Points Higher
*RES 3: 98.6467 - First Pivot Resistance (97.1900 - 98.3050)
*RES 2: 98.4412 - Uptrend from Sep'18
*RES 1: 98.3050 - All Time Highs (May9)
*PRICE: 98.2750 @ 16:16 BST, May 10
*SUP 1: 98.1112 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Price action remains quiet Friday, but pressure continues to point higher for
Aussie 10yr bond futures, keeping all time highs printed this week at 98.3050 in
view. Any recovery north of here will switch focus to the uptrendline drawn from
September 2018 highs, which currently kicks in at 98.4412 and the first pivot
resistance at 98.6467. To the downside, 98.1112 50-dma support is the first
level and a break below here will return focus lower, with 97.19 the medium-term

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.