Free Trial

(M9) Shows Below 50-dma *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Shows Below 50-dma
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.3655 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.0350 @ 16:14 BST, Apr 17
*SUP 1: 98.0153 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
50-dma support gave way Wednesday, with Aussie 10yr futures hitting 98.0050
briefly before recovering. A close below here will be needed to cement any
further leg lower. A close below the 50-dma 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. Above there, the uptrend from September 2018
kicks in at 98.3655.

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.