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MNI Asian Morning FI Technical Analysis

18 August 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) 97.980 Support Remains Key 
*RES 4: 98.087 - 55-DMA 
*RES 3: 98.075 - 200-DMA 
*RES 2: 98.063 - Daily Bear channel top 
*RES 1: 98.060 - Alternating hourly support/resistance
*PRICE: 98.050 @ 2130GMT
*SUP 1: 98.000 - Low Aug 15 & 16 
*SUP 2: 97.980 - Alternating daily support/resistance 
*SUP 3: 97.989 - 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 (98.038) reconfirming focus on
98.075-130 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: 97.4737 - 55-WMA
*RES 3: 97.4450 - High June 30
*RES 2: 97.4125 - 100-DMA
*RES 1: 97.3950 - Hourly resistance Aug 14
*PRICE: 97.3850 @ 2130GMT
*SUP 1: 97.3400 - Hourly resistance Aug 16 now support
*SUP 2: 97.3150 - Low Aug 15
*SUP 3: 97.2500 - Low July 27
*SUP 4: 97.2100 - Monthly Low July 20
*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 (97.3390) & 200 (97.3245) 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 126-290
*RES 4: 127-080 - Monthly High June 14 
*RES 3: 127-070 - 200-WMA 
*RES 2: 127-060 - Daily Bull channel top 
*RES 1: 126-290 - High June 26
*PRICE: 126-250 @ 2130GMT
*SUP 1: 126-200 - Hourly support Aug 17
*SUP 2: 126-110 - Low Aug 17
*SUP 3: 126-010 - Daily Bull channel base
*SUP 4: 125-290 - Low Aug 8
*COMMENTARY: The 125-290/010 support region confirmed significance Wednesday
with the contact recovering from a close below 21 (126-060) & 55 (126-040) DMAs.
Bulls have gained breathing room with focus back on the 126-290 level. Bulls
need a close above 126-290 to reconfirm the bullish bias and initially target
127-060/080. The 126-110 support is key today with bears needing a close below
to shift focus back to 125-290/126-010.
US 10-YR YIELD TECHS: 2.173-177 Support Key
*RES 4: 2.264 - Hourly support Aug 16 now resistance
*RES 3: 2.250 - Alternating hourly support/resistance
*RES 2: 2.229 - Hourly resistance Aug 17
*RES 1: 2.203 - Hourly support Aug 14 now resistance
*PRICE: 2.185 @ 2130GMT
*SUP 1: 2.185 - Low Aug 17 
*SUP 2: 2.177 - High June 21 now support 
*SUP 3: 2.173 - 55-WMA 
*SUP 4: 2.121 - Low June 26
*COMMENTARY: The 2.289 resistance confirmed significance with the yield rejected
ahead of this level and the sell-off resulting in bearish closes. Initial focus
has now returned to the 2.173-177 supports with a close below needed to confirm
focus on 2.053-121 where 2017 lows and the 100-WMA are situated. Layers of
resistance are accumulating and weighing with bulls needing a close above 2.264
to shift focus back to 2.289.
JGB TECHS: (U17) 150.43-57 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: 150.65 @ 2130GMT
*SUP 1: 150.57 - Low Aug 17 
*SUP 2: 150.50 -100-DMA 
*SUP 3: 150.43 - 200-DMA 
*SUP 4: 150.31 - 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 (150.67) and O/B studies are key concerns for bulls with potential to limit
follow through. Initial support is noted at 150.57 with bears needing a close
below to ease bullish pressure and below the 200-DMA to shift focus back to 21 &
55-DMAs 150.31
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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