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10 August 2017
By Kyle Shortland
     
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Remains Capped Ahead Of 200-DMA 
*RES 4: 98.178 - 55-WMA 
*RES 3: 98.129 - 100-DMA 
*RES 2: 98.116 - 55-DMA 
*RES 1: 98.083 - 200-DMA
*PRICE: 98.050 @ 2130GMT
*SUP 1: 98.030 - Low Aug 4 
*SUP 2: 98.018 - 21-DMA 
*SUP 3: 98.010 - Repeated Daily Lows 
*SUP 4: 97.980 - Alternating daily support/resistance
*COMMENTARY: The rally that defined most of last week is struggling having
stalled around the 200-DMA. Bears look for a close below 98.010 to confirm an
easing of bullish pressure and to hint at a move back to 97.810-860 with below
97.980 confirming. Correcting O/B studies add weight to the bearish case. Bulls
need a close above the 200-DMA to reconfirm a bullish bias and initially target
55 & 100-DMAs.
AUSSIE 10-YR TECHS: (U17) Bears Need Close Below 21-DMA 
*RES 4: 97.4864 - 55-WMA
*RES 3: 97.4450 - High June 30
*RES 2: 97.4287 - 55-DMA
*RES 1: 97.4042 - 100-DMA
*PRICE: 97.3600 @ 2130GMT
*SUP 1: 97.3150 - Hourly support Aug 3
*SUP 2: 97.3121 - 21-DMA
*SUP 3: 97.2500 - Low July 27
*SUP 4: 97.2379 - Bollinger band base
*COMMENTARY: Bulls are struggling with the 100-DMA continuing to cap attempts to
break higher. Bulls need a close above 97.4450 to confirm a break of 55 &
100-DMAs and above the 55-WMA to confirm focus on 97.5200-6750 where 2017 highs
are located. The 21-DMA is now key support with bears needing a close below to
confirm an easing of bullish pressure and shift focus back to 97.1650-2100 where
monthly lows are noted.
US 10-YR FUTURE TECHS: (U17) Topside Follow Through Lacking
*RES 4: 127-080 - Monthly High June 14 
*RES 3: 126-290 - High June 26 
*RES 2: 126-180 - High Aug 9 
*RES 1: 126-140 - Hourly resistance Aug 9
*PRICE: 126-080 @ 2130GMT
*SUP 1: 126-050 - Low Aug 9
*SUP 2: 125-310 - 21-DMA
*SUP 3: 125-290 - Low Aug 8
*SUP 4: 125-170 - 100-DMA
*COMMENTARY: Despite taking comfort in support emerging around the 21-DMA, the
lack of topside follow through Wednesday is a concern for bulls. The Bollinger
top (126-150) remains a concern and currently limits follow through. Bears now
look for a close below 126-050 to shift focus back to 125-290/310 where the
21-DMA is located and below 125-290 to initially target 125-150/170. Bulls now
need a close above 126-180 to focus on 126-290/127-080.
US 10-YR YIELD TECHS: 2.258 Resistance Key Today
*RES 4: 2.317 - 200-DMA
*RES 3: 2.289 - High Aug 4 & 8
*RES 2: 2.280 - 21-DMA
*RES 1: 2.258 - High Aug 9
*PRICE: 2.249 @ 2130GMT
*SUP 1: 2.230 - Hourly resistance Aug 9 now support 
*SUP 2: 2.212 - Low Aug 9 
*SUP 3: 2.205 - Daily Bull channel base 
*SUP 4: 2.177 - High June 21 now support
*COMMENTARY: The recovery from the sell-off Wednesday is less than ideal for
bears who now need a close below 2.212 to reconfirm focus on tests of 2017 lows.
Layers of resistance remain with bulls needing a close above 2.258 to gain
breathing room and above 2.289 to shift immediate focus to 2.317-337 where the
bear channel top is located. Overall bulls now need a close above 2.337 to shift
focus to 2.398-2.437.
JGB TECHS: (U17) Bulls Need Close Above 100-DMA 
*RES 4: 150.67 - High June 28
*RES 3: 150.48 - 100-DMA
*RES 2: 150.46 - 200-DMA
*RES 1: 150.45 - High Aug 9
*PRICE: 150.42 @ 2130GMT
*SUP 1: 150.32 - 55-DMA 
*SUP 2: 150.18 - 21-DMA 
*SUP 3: 150.11 - Low Aug 2 
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Bulls take comfort in the close above the 55-DMA and pressure back
on 100 & 200-DMAs. Bulls now look for a close above the 100-DMA to reconfirm the
bullish bias and shift initial focus to 150.67-92. The Bollinger band top
(150.40) is the key concern for bulls with potential to limit follow through.
Bears now look for a close below the 55-DMA to ease pressure on key resistance
layers and below 150.03 to shift focus back to 149.65.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]