MNI Asian Morning FI Technical Analysis

23 August 2017

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Looking A Little Heavy 

*RES 4: 98.129 - 100-DMA 

*RES 3: 98.090 - High Aug 4 

*RES 2: 98.072 - 55-DMA 

*RES 1: 98.070 - 200-DMA

*PRICE: 98.000 @ 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: Pressure is back on the 98.000 support with bears continuing to

look for a close below 97.980 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. Layers of resistance remain with bulls still needing a close above

98.090 to reconfirm a bullish bias and above the 100-DMA to shift overall focus

back to 98.350. The Bollinger base is the key concern for bears.

AUSSIE 10-YR TECHS: (U17) 97.3150 Support Remains Key 

*RES 4: 97.4604 - 55-WMA

*RES 3: 97.4450 - High June 30

*RES 2: 97.4250 - High Aug 18

*RES 1: 97.3900 - High Aug 2

*PRICE: 97.3350 @ 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. Bears need a close below 97.3150 to

confirm breaks of 21 (97.3452) & 200 (97.3190) DMAs and below 97.1650 to confirm

focus on tests of 96.9800-97.0600 where 2017 lows are located. 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.

US 10-YR FUTURE TECHS: (U17) Focus Returns To 125-250/126-110

*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: 126-170 @ 2130GMT

*SUP 1: 126-110 - Low Aug 17

*SUP 2: 126-040 - 55-DMA, Daily Bull channel base

*SUP 3: 126-000 - Low Aug 16

*SUP 4: 125-290 - Low Aug 8

*COMMENTARY: The lack of topside follow through Friday has left bulls struggling

ahead of the 127-010 resistance this week with the break of 126-180 seeing focus

shift back to 125-250/126-110 where key DMAs and the bull channel base are

situated. Overall bears need a close below the 100-DMA (125-250) to end bullish

hopes and initially target 125-150. Bulls now need a close above 126-290 to

reconfirm focus on 127-010/080.

US 10-YR YIELD TECHS: 2.229 Resistance Key Today

*RES 4: 2.289 - High Aug 4 & 8

*RES 3: 2.264 - Hourly support Aug 16 now resistance 

*RES 2: 2.250 - Alternating hourly support/resistance 

*RES 1: 2.229 - Hourly resistance Aug 17

*PRICE: 2.194 @ 2130GMT

*SUP 1: 2.192 - Hourly support Aug 21 

*SUP 2: 2.177 - Low Aug 21 

*SUP 3: 2.164 - Low Aug 18 

*SUP 4: 2.121 - Low June 26

*COMMENTARY: Modestly O/S daily studies are correcting & combined with the

Bollinger base (2.165) are key concerns for bears who are focused on tests of

2017 lows. Bulls continue to look for a close above 2.229 to ease bearish

pressure and above 2.264 to shift initial focus back to 2.289. While 2.229 caps

bears retain the advantage with below 2.164 needed to add weight to their case.

Fresh 2017 lows target 2.053-121 where 2017 lows and the 100-WMA are situated.

JGB TECHS: (U17) Daily Studies At Very O/B Levels 

*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: 150.74 @ 2130GMT

*SUP 1: 150.69 - Low Aug 21 

*SUP 2: 150.57 - Low Aug 17 

*SUP 3: 150.51 -100-DMA 

*SUP 4: 150.42 - 200-DMA

*COMMENTARY: The rally that has defined August looks to be struggling a little

as daily studies look to correct from very O/B levels and add weight to the case

for a correction. bears need a close below 150.69 to ease immediate bullish

pressure and shift initial focus back to 150.32-51 where key DMAs are clustered.

Bulls now look for a close above 150.92 to reconfirm the bullish bias and

initially target 151.21.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]