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MNI Asian Morning FI Technical Analysis 

4 August 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) 55-DMA Now Key Resistance 
*RES 4: 98.200 - Repeated daily highs 
*RES 3: 98.188 - 55-WMA 
*RES 2: 98.131 - 55-DMA 
*RES 1: 98.124 - 100-DMA
*PRICE: 98.090 @ 2130GMT
*SUP 1: 98.060 - High Aug 2 now support 
*SUP 2: 98.010 - Repeated Daily Lows 
*SUP 3: 98.003 - 21-DMA 
*SUP 4: 97.980 - Alternating daily support/resistance
*COMMENTARY: Support emerging ahead of the 21-DMA has provided the base for a
close marginally above the 200-DMA (98.088) with immediate bullish focus now on
98.124-131 where 55 & 100-DMAs are situated. Bulls now look for a close above
the 55-DMA to shift focus to $98.188-240 where the 55-WMA is located. Bears now
look for a close below 98.060 to gain breathing room and below the 21-DMA to
hint at a move back to 97.860 with below 97.980 confirming.
AUSSIE 10-YR TECHS: (U17) 97.3150-3350 Support Region Now Key 
*RES 4: 97.5200 - Low June 20 now resistance
*RES 3: 97.4987 - 55-WMA
*RES 2: 97.4389 - 55-DMA
*RES 1: 97.3948 - 100-DMA
*PRICE: 97.3750 @ 2130GMT
*SUP 1: 97.3550 - Hourly resistance Aug 3 now support
*SUP 2: 97.3350 - High July 13 now support
*SUP 3: 97.3150 - Hourly support Aug 3
*SUP 4: 97.2500 - Low July 27
*COMMENTARY: Pressure on the 200-DMA (97.3412) finally took its toll with the
close above seeing immediate bullish focus now on 97.3948-5200 where 55 &
100-DMAs and the 55-WMA are located. Bulls need a close above 97.5200 to confirm
focus on tests of 2017 highs. Support layers are building with bears now needing
a close below 97.3350 to ease bullish pressure and below 97.3150 to shift focus
back to 97.2100-2500.
US 10-YR FUTURE TECHS: (U17) 125-290/126-040 Support Region Key
*RES 4: 127-080 - Monthly High June 14 
*RES 3: 126-290 - High June 26 
*RES 2: 126-200 - Bollinger band top 
*RES 1: 126-160 - Low June 21 now resistance
*PRICE: 126-110 @ 2130GMT
*SUP 1: 126-110 - Hourly resistance Aug 3 now support
*SUP 2: 126-040 - Hourly support Aug 3
*SUP 3: 126-010 - 55-DMA
*SUP 4: 125-290 - Hourly resistance Aug 1 now support
*COMMENTARY: The break of 126-120 has lacked a little follow through with bulls
now looking for a close above 126-160 to confirm focus on 126-290/127-080 where
June highs are located. Daily studies remain well placed for further gains.
Bears now need a close below 126-040 to ease immediate bullish pressure and
below 125-290 to hint at a correction back to 125-130/240 where the 21 &
100-DMAs and daily bull channel base are located.
US 10-YR YIELD TECHS: Focus On 2017 Low
*RES 4: 2.285 - Hourly support July 31 now resistance
*RES 3: 2.275 - Hourly resistance Aug 2
*RES 2: 2.251 - Hourly resistance Aug 3
*RES 1: 2.235 - Hourly support Aug 3 now resistance
*PRICE: 2.219 @ 2130GMT
*SUP 1: 2.205 - Bollinger band base 
*SUP 2: 2.177 - High June 21 now support 
*SUP 3: 2.121 - Low June 26 
*SUP 4: 2.103 - 2017 Low June 14
*COMMENTARY: Failure to trouble 2.285 leaves the yield looking heavy having
closed below the 2.229 support and 200-WMA (2.228) with bears focused on tests
of 2017 lows. Layers of resistance are accumulating with bulls needing a close
above 2.251 to gain breathing room and confirm a break above the 55-DMA (2.245).
Overall a close above the 200-DMA (2.306) is now needed to shift focus back to
2.337 and then 2.346-396 where the bear channel top and July highs are located.
JGB TECHS: (U17) Layers Of Resistance 150.27-49 
*RES 4: 150.48 - 100-DMA
*RES 3: 150.34 - 55-DMA
*RES 2: 150.33 - High July 25
*RES 1: 150.27 - High July 27
*PRICE: 150.24 @ 2130GMT
*SUP 1: 150.11 - Low Aug 2 
*SUP 2: 150.08 - 21-DMA 
*SUP 3: 150.06 - Low July 20 
*SUP 4: 150.03 - Low July 18
*COMMENTARY: Support emerging ahead of the 21-DMA and key 150.03-08 support
region sees focus back on layers of resistance 150.27-49 where key DMAs and the
daily bear channel top are situated. Bulls need a close above the 200-DMA to
confirm a bullish bias and shift immediate focus to 150.67. 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.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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