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Free AccessMNI Asian Morning FI Technical Analysis
22 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 Remain Key
*RES 4: 98.129 - 100-DMA
*RES 3: 98.090 - High Aug 4
*RES 2: 98.077 - 55-DMA
*RES 1: 98.072 - 200-DMA
*PRICE: 98.040 @ 2130GMT
*SUP 1: 98.000 - Low Aug 15 & 16
*SUP 2: 97.997 - 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 last week has bought
bulls breathing room reconfirming focus on 98.072-129 where key DMAs are
situated. The 97.980 support remains key this week 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 remain suggestive of a break out in the near future.
Daily studies at neutral levels are providing few clues at present.
AUSSIE 10-YR TECHS: (U17) 97.3150 Support Remains Key
*RES 4: 97.5200 - Low June 20 now resistance
*RES 3: 97.4605 - 55-WMA
*RES 2: 97.4450 - High June 30
*RES 1: 97.4250 - High Aug 18
*PRICE: 97.3800 @ 2130GMT
*SUP 1: 97.3450 - 21-DMA
*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 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 (97.3450) & 200
(97.3215) 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) Below 126-180 To Ease Bullish Pressure
*RES 4: 127-080 - Monthly High June 14
*RES 3: 127-070 - 200-WMA
*RES 2: 127-010 - High Aug 18
*RES 1: 126-290 - High Aug 21
*PRICE: 126-270 @ 2130GMT
*SUP 1: 126-220 - Hourly support Aug 21
*SUP 2: 126-180 - Low Aug 18
*SUP 3: 126-110 - Low Aug 17
*SUP 4: 126-030 - Daily Bull channel base
*COMMENTARY: The 125-290/010 support region confirmed significance Wednesday
with the contact recovering from a close below 21 (126-080) & 55 (126-040) DMAs.
Friday's high lacked follow through but bulls reconfirmed dominance Monday with
focus on 127-010/090 where the 200-WMA is located. Bears now look for a close
below 126-180 to ease bullish pressure and shift focus back to layers of support
125-290/126-110.
US 10-YR YIELD TECHS: Focus On 2017 Low
*RES 4: 2.250 - Alternating hourly support/resistance
*RES 3: 2.229 - Hourly resistance Aug 17
*RES 2: 2.210 - High Aug 18
*RES 1: 2.197 - Hourly resistance Aug 21
*PRICE: 2.183 @ 2130GMT
*SUP 1: 2.169 - 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) Bears Need Close Below 150.69
*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: 150.80 @ 2130GMT
*SUP 1: 150.69 - Low Aug 21
*SUP 2: 150.57 - Low Aug 17
*SUP 3: 150.50 -100-DMA
*SUP 4: 150.42 - 200-DMA
*COMMENTARY: Gains continue for the contract with immediate bullish focus on
150.89-92. Daily studies at O/B levels and looking to correct and the proximity
of the Bollinger top (150.80) remain key concerns for bulls with potential to
limit follow through. Initial support is now noted at 150.69 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.