Free Trial

(M9) Upside Still the Focus....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Upside Still the Focus
*RES 3: 98.5800 - First Pivot Resistance (97.1900 - 98.2450)
*RES 2: 98.2652 - Uptrend from Sep'18
*RES 1: 98.2450 - All Time Highs (Mar25)
*PRICE: 98.2250 @ 16:22 GMT, Mar 22
*SUP 1: 97.8891 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The outright bullish trend was cemented Monday with further all-time highs
printed up at 98.2450. The RSI sits firmly in overbought territory at present,
meaning further gains could be hard to come by without some fresh upside
impetus. As such, bulls target the Uptrendline drawn from Sep'18 highs,
currently kicking in at 98.2652. Above here, first pivot resistance lies at
98.5800. To the downside (remember that?), early March price action solidified
the 50-dma as firm support at 97.8891.

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.