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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
MNI Asian Morning FI Technical Analysis
20 October 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Bear Channel Top Caps, 97.820 Support Key
*RES 4: 97.933 - 55-DMA
*RES 3: 97.935 - Hourly resistance Sept 14
*RES 2: 97.904 - Bollinger band top
*RES 1: 97.897 - Daily Bear channel top
*PRICE: 97.870 @ 2030GMT
*SUP 1: 97.820 - Low Oct 6
*SUP 2: 97.780 - Low Sept 28 & Oct 2
*SUP 3: 97.760 - Hourly resistance Sept 21 now support
*SUP 4: 97.720 - 2017 Low Sept 20
*COMMENTARY: The daily bear channel top is currently capping with the 97.897-950
region now key. Bulls need a close above 97.950 to confirm a break of the 55-DMA
and shift focus to 98.006-050 where 100 & 200-DMAs are situated. The recovery
from below the 21-DMA (97.844) is less than ideal for bears who still need a
close below 97.820 to shift focus back to 97.720 2017 lows.
AUSSIE 10-YR TECHS: (Z17) Capped Ahead Of 55-DMA
*RES 4: 97.3165 - 200-DMA
*RES 3: 97.2710 - 55-DMA
*RES 2: 97.2500 - High Oct 18
*RES 1: 97.2400 - Hourly support Oct 18 now resistance
*PRICE: 97.2150 @ 2030GMT
*SUP 1: 97.1850 - Low Oct 17
*SUP 2: 97.1688 - 21-DMA
*SUP 3: 97.1650 - Low Oct 13
*SUP 4: 97.1450 - Hourly support Oct 12
*COMMENTARY: Pressure on 97.2300 resulted in a break higher this week only to be
rejected ahead of the 55-DMA and seeing focus now back on 97.1650-1850 supports.
Bears need a close below 97.1650 to see bears regain the upper hand and
immediate focus return to 97.0600-0900. Bulls still need a close above the
55-DMA to pressure layers of resistance 97.3165-3453 where 100 & 200-DMAs and
the bear channel top remain.
US 10-YR FUTURE TECHS: (Z17) 125-16+ Resistance Confirms Significance
*RES 4: 126-02+ 100-DMA
*RES 3: 125-29+ 100-DMA
*RES 2: 125-25+ High Oct 13
*RES 1: 125-16+ Hourly support Oct 16 now resistance
*PRICE: 125-12 @ 2030GMT
*SUP 1: 125-05+ Hourly support Oct 19
*SUP 2: 125-01+ Low Oct 17
*SUP 3: 124-31 Hourly support Oct 9
*SUP 4: 124-28+ Bollinger band base
*COMMENTARY: The aggressive recovery from ahead of 125-01+ has so far remained
capped ahead of the 125-16+ resistance and the bear channel top (125-12+). Bulls
need a close above to ease bearish pressure and return focus to 125-25+/126-09
where 55 & 100-DMAs are situated. Bears now need a close below 125-05 to gain
breathing room and below 124-31 to confirm focus on 124-14/22+ where July lows
are situated.
US 10-YR YIELD TECHS: 2.278 Support Key
*RES 4: 2.402 - High Oct 6
*RES 3: 2.372 - Hourly resistance Oct 6
*RES 2: 2.355 - Hourly resistance Oct 11
*RES 1: 2.332 - Hourly resistance Oct 19
*PRICE: 2.316 @ 2030GMT
*SUP 1: 2.296 - Low Oct 17
*SUP 2: 2.278 - Low Oct 16
*SUP 3: 2.245 - High Sept 26 now support
*SUP 4: 2.238 - 100-DMA
*COMMENTARY: The yield is looking a little heavy again following the failure to
gain traction above 21 (2.309) & 200 (2.313) DMAs and resistance layers
beginning to build. The 2.278 support remains key with bears needing a close
below to shift focus back to 2.208-245. Bulls need a close above 2.332 today to
gain breathing room and maintain focus on the 2.372-437 region. Above 2.437
remains needed to shift initial focus to 2.544-558.
JGB TECHS: (Z17) 150.26 & 100-DMA Levels Key Today
*RES 4: 150.69 - 55-DMA
*RES 3: 150.52 - 100-DMA
*RES 2: 150.48 - Alternating hourly support/resistance
*RES 1: 150.47 - 21-DMA, 200-DMA
*PRICE: 150.41 @ 2030GMT
*SUP 1: 150.26 - Low Oct 19
*SUP 2: 150.18 - Hourly support Oct 3
*SUP 3: 150.08 - Low Oct 3, Bollinger band base
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Sideways trading continues with the contract capped ahead of DMAs
clustered 150.47-52 with bulls needing a close above the 55-DMA (150.69) to end
bearish hopes and shift immediate focus to 150.96-151.01. The 150.26 support is
now key. Bears need a close below this level to initially pressure 150.06-08 and
below this region to confirm focus on 2017 lows.
--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.