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MNI 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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