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MNI POLITICAL RISK - Trump Rounds Out Cabinet Nominations
MNI POLITICAL RISK ANALYSIS - Week Ahead 25 Nov-1 Dec
MNI Asian Morning FI Technical Analysis
21 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 & 98.090 Levels Key
*RES 4: 98.130 - 100-DMA
*RES 3: 98.090 - High Aug 4
*RES 2: 98.083 - 55-DMA
*RES 1: 98.074 - 200-DMA
*PRICE: 98.060 @ 2130GMT
*SUP 1: 98.000 - Low Aug 15 & 16
*SUP 2: 97.995 - Bollinger band base
*SUP 3: 97.980 - Alternating daily support/resistance
*SUP 4: 97.940 - Low July 26
*COMMENTARY: Support emerging ahead of the key 97.980 level has bought bulls
breathing room with closes above the 21-DMA (98.040) reconfirming focus on
98.074-130 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: 97.5200 - Low June 20 now resistance
*RES 3: 97.4741 - 55-WMA
*RES 2: 97.4450 - High June 30
*RES 1: 97.4250 - High Aug 18
*PRICE: 97.4050 @ 2130GMT
*SUP 1: 97.3750 - Hourly support Aug 18
*SUP 2: 97.3400 - Hourly resistance Aug 16 now support
*SUP 3: 97.3150 - Low Aug 15
*SUP 4: 97.2500 - Low July 27
*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 need a close below 97.3150 to confirm breaks of 21 (97.3440) &
200 (97.3231) 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) Topside Follow Through Lacking
*RES 4: 127-080 - Monthly High June 14
*RES 3: 127-070 - 200-WMA, Daily Bull channel top
*RES 2: 127-010 - High Aug 18
*RES 1: 126-260 - Hourly support Aug 18 now resistance
*PRICE: 126-240 @ 2130GMT
*SUP 1: 126-180 - Low Aug 18
*SUP 2: 126-110 - Low Aug 17
*SUP 3: 126-020 - 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 (126-070) & 55 (126-040) DMAs.
Fresh 2mth highs Friday have lacked follow through with bulls needing a close
above 126-260 today to retain immediate focus on 127-070/080 and overall focus
on a test of the 100-WMA (128-000). The 126-110 support remains key with bears
needing a close below to shift focus back to 125-290/126-010.
US 10-YR YIELD TECHS: Focus On 2017 Low
*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: 2.210 - High Aug 18
*PRICE: 2.194 @ 2130GMT
*SUP 1: 2.176 - Bollinger band base
*SUP 2: 2.164 - Low Aug 18
*SUP 3: 2.121 - Low June 26
*SUP 4: 2.103 - 2017 Low June 14
*COMMENTARY: The 2.289 resistance confirmed significance with the yield rejected
ahead of this level and the sell-off resulting in bearish closes last week.
Initial focus has returned to 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 2.229 to ease bearish pressure and above 2.264 to shift initial
focus back to 2.289.
JGB TECHS: (U17) Below 150.72 To Ease Bullish Pressure
*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: 150.84 - High Aug 18
*PRICE: 150.79 @ 2130GMT
*SUP 1: 150.72 - High Aug 17 now support
*SUP 2: 150.57 - Low Aug 17
*SUP 3: 150.50 -100-DMA
*SUP 4: 150.43 - 200-DMA
*COMMENTARY: Gains continue for the contract with immediate bullish focus now on
150.89-92. Daily studies at O/B levels and looking to correct and the proximity
of the Bollinger top (150.76) remain key concerns for bulls with potential to
limit follow through. Initial support is noted at 150.72 with bears needing a
close below to ease immediate bullish pressure and hint at a dip back towards
layers of support 150.32-50 where key DMAs are situated.
--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.