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MNI Asian Morning FI Technical Analysis 

3 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: 98.122 - 100-DMA 
*RES 3: 98.089 - 200-DMA 
*RES 2: 98.080 - High June 30 
*RES 1: 98.070 - Bollinger band top
*PRICE: 98.040 @ 2130GMT
*SUP 1: 98.010 - Repeated Daily Lows 
*SUP 2: 98.000 - 21-DMA 
*SUP 3: 97.980 - Alternating daily support/resistance 
*SUP 4: 97.940 - Low July 26
*COMMENTARY: The contract is gaining traction above the 21-DMA with the break of
98.050 Tuesday confirming focus on 98.080-133 where key DMAs are located. The
Bollinger top is the key concern for bulls with potential to limit follow
through. Bears 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 (97.841)
are located.
AUSSIE 10-YR TECHS: (U17) Remains Capped Ahead Of 200-DMA 
*RES 4: 97.3911 - 100-DMA
*RES 3: 97.3429 - 200-DMA
*RES 2: 97.3350 - High July 13
*RES 1: 97.3250 - Repeated Daily Highs
*PRICE: 97.3000 @ 2130GMT
*SUP 1: 97.2500 - Low July 27
*SUP 2: 97.2370 - Bollinger band base
*SUP 3: 97.2350 - Low July 26
*SUP 4: 97.2100 - Monthly Low July 20
*COMMENTARY: Continued hesitation ahead of the 200-DMA and 97.3250-4550
resistance region is less than ideal and increases the risk of a test of the
97.2100 support. Bears look for a close below 97.2100 to end bullish hopes and
shift focus back to 96.9800-97.0576 where 2017 lows and the 200-WMA are located.
Bulls now need a close above the 200-DMA to gain breathing room and above
97.4550 to target 97.6100-6750 where 2017 highs are located.
US 10-YR FUTURE TECHS: (U17) 125-290 & 126-120 Levels Key
*RES 4: 126-180 - Bollinger band top 
*RES 3: 126-120 - High July 21 & 24 
*RES 2: 126-080 - High Aug 1 
*RES 1: 126-040 - Hourly resistance Aug 2
*PRICE: 126-030 @ 2130GMT
*SUP 1: 126-010 - 55-DMA
*SUP 2: 125-290 - Hourly resistance Aug 1 now support
*SUP 3: 125-210 - Alternating hourly support/resistance
*SUP 4: 125-150 - Low July 25
*COMMENTARY: Hesitation ahead of the key 126-120 resistance is a concern with a
double daily top now in place at 126-120. Bulls still 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. Layers of support remain with bears needing a close
below 125-290 to ease bullish pressure and shift focus back to 125-070/150 where
the 100-DMA (125-120) is located.
US 10-YR YIELD TECHS: 2.285 Resistance Key Today
*RES 4: 2.348 - Daily Bear channel top
*RES 3: 2.337 - Hourly resistance July 14
*RES 2: 2.321 - High Aug 1
*RES 1: 2.285 - Hourly support July 31 now resistance
*PRICE: 2.266 @ 2130GMT
*SUP 1: 2.243 - Low Aug 1 
*SUP 2: 2.241 - Hourly support July 24 
*SUP 3: 2.229 - Low July 21, Low July 24 
*SUP 4: 2.228 - 200-WMA
*COMMENTARY: The yield is finding support on dips below the 55-DMA (2.247) which
is a concern for bears who need a close below the 200-WMA to confirm focus on
tests of 2017 lows. Resistance layers remain with bulls needing a close above
2.285 to gain breathing room and above 2.337 to see pressure back on 2.348-396
where the bear channel top and July highs are located. Overall a close above
2.437 is needed to focus on 2017 highs.
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: 150.15 @ 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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