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MNI Asian Morning FI Technical Analysis

17 August 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Bulls Need Close Above 21-DMA 
*RES 4: 98.092 - 55-DMA 
*RES 3: 98.076 - 200-DMA 
*RES 2: 98.060 - Alternating hourly support/resistance 
*RES 1: 98.032 - 21-DMA
*PRICE: 98.030 @ 2130GMT
*SUP 1: 98.000 - Low Aug 15 & 16 
*SUP 2: 97.980 - Alternating daily support/resistance 
*SUP 3: 97.966 - Bollinger band base 
*SUP 4: 97.940 - Low July 26
*COMMENTARY: Support emerging ahead of the key 97.980 level has bought bulls
breathing room with a close above the 21-DMA now needed to reconfirm focus on
tests of 98.076-130 where key DMAs are situated. The 97.980 support remains key
with bears needing a close below this level to add weight to the case for a move
back to 97.810-860. Narrowing Bollinger bands are suggestive of a break out in
the near future.
AUSSIE 10-YR TECHS: (U17) 97.3150 Support Remains Key 
*RES 4: 97.4733 - 55-WMA
*RES 3: 97.4450 - High June 30
*RES 2: 97.4111 - 100-DMA
*RES 1: 97.3950 - Hourly resistance Aug 14
*PRICE: 97.3650 @ 2130GMT
*SUP 1: 97.3150 - Low Aug 15
*SUP 2: 97.2500 - Low July 27
*SUP 3: 97.2100 - Monthly Low July 20
*SUP 4: 97.1650 - High Mar 16 now support
*COMMENTARY: The 97.3150 support confirmed significance having stalled the
correction lower from 55 & 100-DMA failures. Bulls continue to look for a close
above 97.4450 to hint at a move back to 97.6100-6750 with above the 55-WMA to
confirm. Bears continue to look for a close below 97.3150 to confirm breaks of
21 (97.3333) & 200 (97.3261) DMAs and below 97.1650 to confirm focus on tests of
96.9800-97.0600 where 2017 lows are located.
US 10-YR FUTURE TECHS: (U17) Focus Back On 126-220/290
*RES 4: 127-070 - 200-WMA 
*RES 3: 127-050 - Daily Bull channel top 
*RES 2: 126-290 - High June 26 
*RES 1: 126-220 - Hourly resistance Aug 14
*PRICE: 126-170 @ 2130GMT
*SUP 1: 126-050 - Hourly support Aug 16
*SUP 2: 126-000 - Low Aug 16
*SUP 3: 125-310 - Daily Bull channel base
*SUP 4: 125-290 - Low Aug 8
*COMMENTARY: The 125-290/000 support region confirmed significance Wednesday
with the contact recovering from a close below 21 (126-050) & 55 (126-040) DMAs.
Bulls have gained breathing room with focus back on the 126-220/290 region.
Bulls need a close above 126-290 to reconfirm the bullish bias and initially
target 127-070/080. The 125-290/000 support region remains key with a close
below 125-290 to end bullish hopes with below 125-150 targeting 124-210/250.
US 10-YR YIELD TECHS: 2.289 Confirms Significance
*RES 4: 2.320 - Daily Bear channel top
*RES 3: 2.289 - High Aug 4 & 8 
*RES 2: 2.264 - Hourly support Aug 16 now resistance
*RES 1: 2.250 - Alternating hourly support/resistance
*PRICE: 2.226 @ 2130GMT
*SUP 1: 2.222 - Low Aug 16 
*SUP 2: 2.203 - Hourly support Aug 14 
*SUP 3: 2.177 - High June 21 now support 
*SUP 4: 2.174 - 55-DMA
*COMMENTARY: The 2.289 resistance confirmed significance with the yield rejected
ahead of this level and the sell-off resulting in a bearish close. Initial focus
has now returned to the 2.174-177 supports with a close below needed to confirm
focus on 2.053-121 where 2017 lows and the 200-WMA are situated. Layers of
resistance are accumulating and weighing with bulls now needing a close above
2.264 to shift focus back to 2.289.
JGB TECHS: (U17) 150.44-62 Support Region Key 
*RES 4: 151.08 - High May 1
*RES 3: 150.92 - Low Apr 26 now resistance
*RES 2: 150.89 - High June 7
*RES 1: 150.71 - 55-WMA
*PRICE: 150.59 @ 2130GMT
*SUP 1: 150.62 - Hourly resistance Aug 15 & 16 now support 
*SUP 2: 150.50 -100-DMA 
*SUP 3: 150.44 - 200-DMA 
*SUP 4: 150.32 - 55-DMA
*COMMENTARY: Closes above 100 and 200 DMAs adds support to the bullish case with
focus on layers of resistance 150.71-150.92 where WMAs are noted. The Bollinger
top (150.64) remains the key concern for bulls with potential to limit follow
through. Initial support is noted at 150.62 with bears needing a close below to
ease bullish pressure and below the 200-DMA to shift focus back to 21 & 55-DMAs
150.29-32.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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