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Free AccessMNI 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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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.