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Free AccessMNI Asian Morning FI Technical Aanalysis
12 February 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Above 90.905 Targets 97.960-98-015
*RES 4: 97.960 - Low Nov 1 now resistance
*RES 3: 97.931 - Daily Bull channel top
*RES 2: 97.910 - High Feb 7
*RES 1: 97.890 - High Feb 9
*PRICE: 97.875 @ 2030GMT
*SUP 1: 97.850 - Hourly support Feb 9
*SUP 2: 97.790 - Low Feb 8
*SUP 3: 97.785 - 21-DMA
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: The contract is currently flirting with the 55-DMA (97.880) with
bulls needing a close above 97.905 to confirm breaks of 55 & 100-DMAs and shift
focus to 97.960-98.015 where the 200-DMA is noted. Initial support is noted at
97.850 today with bears needing a close below to ease pressure on resistance
layers and shift initial focus back to the 21-DMA. Daily studies at O/B levels
remain a concern for bulls.
AUSSIE 10-YR TECHS: (H18) Bulls Need Close Above 97.2350
*RES 4: 97.2815 - 100-DMA
*RES 3: 97.2350 - High Feb 6
*RES 2: 97.2000 - Hourly resistance Feb 6
*RES 1: 97.1850 - High Feb 9
*PRICE: 97.1500 @ 2030GMT
*SUP 1: 97.1200 - Low Feb 9
*SUP 2: 97.0700 - Hourly support Feb 5
*SUP 3: 97.0450 - 2018 Low Feb 6
*SUP 4: 97.0407 - Daily Bear channel base
*COMMENTARY: The weekly bull channel base comes in around 96.9939 this week with
bulls taking comfort in support emerging on dips back towards this level. Bears
look for a close below 96.9650 to confirm a break of the channel base and
potentially target 95.5895. Bulls now need a close above 97.1850 to ease
immediate bearish pressure and above 97.2350 to shift focus to 97.2815-3390
where 100 & 200-DMAs are located.
US 10-YR FUTURE TECHS: (H18) 121-23/122-20 Resistance Region Key
*RES 4: 122-20 Low Jan 12 now resistance
*RES 3: 122-05+ Hourly resistance Feb 6a
*RES 2: 121-23 Hourly resistance Feb 6
*RES 1: 121-08 Hourly support Feb 9 now resistance
*PRICE: 121-05+ @ 2030GMT
*SUP 1: 120-25+ Low Feb 9
*SUP 2: 120-17 2018 Low Feb 8
*SUP 3: 120-16+ Bollinger band base
*SUP 4: 119-24 Low Apr 21 2011
*COMMENTARY: Bulls failed to capitalise on the bullish key day reversal with the
contract rejected ahead of 122-20 last week. The break below 121-10+ reconfirmed
initial focus to 2018 lows and then below 120-17 to target the 117-29/119-24
support region where levels last seen in 2011 are noted. Bulls need a close
above 121-23+ to gain breathing room and above 122-20 to shift initial focus to
123-05+/20 where the 55-DMA (123-08+) is noted.
US 10-YR YIELD TECHS: Double Daily Top, 2.741 Support Key
*RES 4: 3.073 - Low July 6 2011 now resistance
*RES 3: 3.041 - 2014 High Jan 2
*RES 2: 2.912 - High Jan 15 2014
*RES 1: 2.885 - 2018 High Feb 6
*PRICE: 2.831 @ 2030GMT
*SUP 1: 2.786 - Low Feb 9
*SUP 2: 2.741 - Hourly support Feb 6
*SUP 3: 2.692 - 21-DMA
*SUP 4: 2.691 - Hourly support Feb 6a
*COMMENTARY: Bulls take comfort in the recovery from the sell-off with the yield
recovering from around the 21-DMA last week to retain pressure on 2018 highs.
Immediate focus has returned to 2.885-912 with overall focus on 2014 highs.
Bears need a close below 2.741 to confirm an easing of bullish pressure and to
shift initial focus back to 2.691-692 where the 21-DMA is located. O/B daily
studies looking to correct remain the key concern for bulls.
JGB TECHS: (H18) Bulls Need Close Above 55-DMA
*RES 4: 150.67 - 55-DMA
*RES 3: 150.63 - High Feb 6
*RES 2: 150.61 - 200-DMA
*RES 1: 150.56 - High Feb 9
*PRICE: 150.50 @ 2030GMT
*SUP 1: 150.34 - High Feb 5 now support
*SUP 2: 150.20 - Low Feb 5
*SUP 3: 150.09 - 2018 Low Feb 2
*SUP 4: 150.08 - Monthly Low Oct 3
*COMMENTARY: The recovery from 2018 lows has stalled around key DMAs. Bears
still need a close below 150.34 to confirm a break of the 21-DMA (150.38),
easing renewed bullish pressure and returning focus to 150.06. Bears need a
close below 150.06 to add weight to the case for a move targeting the 200-WMA
(149.24). Bulls need a close above the 55-DMA to end bearish hopes and shift
initial focus to 150.84.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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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.