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]