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Free AccessMNI Asian Morning FI Technical Analysis
2 August 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Below 97.980 To Shift Focus Lower
*RES 4: 98.120 - 100-DMA
*RES 3: 98.090 - 200-DMA
*RES 2: 98.080 - High June 30
*RES 1: 98.073 - Bollinger band top
*PRICE: 98.050 @ 2130GMT
*SUP 1: 98.001 - 21-DMA
*SUP 2: 97.980 - Alternating daily support/resistance
*SUP 3: 97.940 - Low July 26
*SUP 4: 97.929 - Bollinger band base
*COMMENTARY: The contract is gaining traction above the 21-DMA with the break of
98.050 confirming focus on 98.080-136 where key DMAs are located. The Bollinger
top is the key concern for bulls with potential to limit follow through. Bears
continue to look for a close below the 21-DMA to ease bullish pressure and below
97.980 to confirm focus on 97.810-860 where 2017 lows and 200-WMA are located.
AUSSIE 10-YR TECHS: (U17) 97.3350-4550 Resistance Region Key
*RES 4: 97.4439 - 55-DMA
*RES 3: 97.3887 - 100-DMA
*RES 2: 97.3452 - 200-DMA
*RES 1: 97.3350 - High July 13
*PRICE: 97.3150 @ 2130GMT
*SUP 1: 97.3000 - Hourly support Aug 1
*SUP 2: 97.2550 - Low Aug 1
*SUP 3: 97.2500 - Hourly support July 26
*SUP 4: 97.2350 - Low July 26
*COMMENTARY: Bulls take comfort in the bounce from ahead of 97.2500 Tuesday that
retains pressure on the 97.3350-4550 region where key DMAs are situated. Bulls
need a close above 97.4550 to confirm a shift in focus to 97.6100-6750 where
2017 highs are noted. Bears now need a close below 97.3000 to gain breathing
room and below 97.2100 to end bullish hopes and shift focus back to 96.9800.
US 10-YR FUTURE TECHS: (U17) 126-120 Resistance Remains Key
*RES 4: 126-290 - High June 26
*RES 3: 126-170 - Bollinger band top
*RES 2: 126-120 - High July 21 & 24
*RES 1: 126-080 - High Aug 1
*PRICE: 126-060 @ 2130GMT
*SUP 1: 126-030 - Hourly support Aug 1
*SUP 2: 125-290 - Hourly resistance Aug 1 now support
*SUP 3: 125-210 - Alternating hourly support/resistance, 21-DMA
*SUP 4: 125-150 - Low July 25
*COMMENTARY: The dip Tuesday found support around the 21-DMA with the bounce
resulting in a marginal close above the bear channel top (126-040) and immediate
focus back on 126-120. Bulls need a close above 126-120 to reconfirm the bullish
bias and shift focus to 126-290/127-080 where WMAs and 2017 highs are located.
Bears now need a close below 125-290 to ease bullish pressure and hint at a dip
back to 125-070/150.
US 10-YR YIELD TECHS: 2.228-229 Support Key
*RES 4: 2.337 - Hourly resistance July 14
*RES 3: 2.321 - High Aug 1
*RES 2: 2.285 - Hourly support July 31 now resistance
*RES 1: 2.273 - Low July 31 now resistance
*PRICE: 2.253 @ 2130GMT
*SUP 1: 2.251 - Low Aug 1
*SUP 2: 2.249 - 55-DMA
*SUP 3: 2.241 - Hourly support July 24
*SUP 4: 2.229 - Low July 21, Low July 24
*COMMENTARY: The pop above the 21-DMA (2.310) was rejected ahead of the 2.337
resistance resulting in pressure back on the 55-DMA and a bearish close. Layers
of support 2.228-2.249 are now key. Bears need a close below the 200-WMA (2.228)
to shift immediate focus to tests of 2017 lows. Resistance layers are building
with a close above 2.285 needed to gain breathing room and above 2.337 to see
pressure back on 2.351-396 where the bear channel top and July highs are
located.
JGB TECHS: (U17) 150.03 Support Remains Key
*RES 4: 150.48 - 100-DMA
*RES 3: 150.35 - 55-DMA
*RES 2: 150.33 - High July 25
*RES 1: 150.27 - High July 27
*PRICE: 150.16 @ 2130GMT
*SUP 1: 150.07 - 21-DMA
*SUP 2: 150.06 - Low July 20
*SUP 3: 150.03 - Low July 18
*SUP 4: 149.92 - Low July 17
*COMMENTARY: The 150.03-07 support region where the 21-DMA is located remains
key. Bears continue to look for a close below 150.03 to confirm a break of the
21-DMA and shift focus back to 149.65. Daily studies correcting from O/B are the
key concern for bulls. Layers of resistance remain 150.27-51 with bulls needing
a close above to confirm breaks of key DMAs and the bear channel top, shifting
immediate focus to 150.67-92.
--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.