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Free AccessMNI Asian Morning FI Technical Analysis
8 November 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Dips Below 200-DMA
*RES 4: 98.200 - Repeated daily highs June
*RES 3: 98.165 - 100-WMA
*RES 2: 98.130 - Low June 20 now resistance
*RES 1: 98.090 - Monthly Highs Aug 4 & 11
*PRICE: 98.040 @ 2030GMT
*SUP 1: 98.020 - Low Nov 7
*SUP 2: 97.960 - Low Nov 1
*SUP 3: 97.940 - Alternating hourly support/resistance
*SUP 4: 97.900 - Low Oct 27
*COMMENTARY: Closes above both the 100 (97.972) and 200 (98.037) DMAs last week
add to the bullish case with focus now on 98.130-165 where the 100-WMA is
situated. Bulls need a close above the 100-WMA to initially focus on 98.200-240
and then 98.305-350. Bears now need a close below 98.020 to gain breathing room
and below 97.960 to shift focus back to 97.900-917 where the 55-DMA is located.
AUSSIE 10-YR TECHS: (Z17) Bullish Focus On 97.4500-5312
*RES 4: 97.5200 - Low June 20 now resistance
*RES 3: 97.4899 - 100-WMA
*RES 2: 97.4500 - Monthly High Sept 8
*RES 1: 97.4150 - Hourly resistance Nov 7
*PRICE: 97.4000 @ 2030GMT
*SUP 1: 97.3725 - Hourly support Nov 3
*SUP 2: 97.3188 - 200-DMA
*SUP 3: 97.2600 - Low Nov 2
*SUP 4: 97.2522 - 55-DMA
*COMMENTARY: Pressure on key resistance layers took its toll with a close above
100 & 200-DMAs and the bear channel top seeing bullish focus shift to
97.4500-5312 where 100 & 200-WMAs are situated. The Bollinger top (97.4053)
remains the key concern for bulls. Bears now need a close below 97.3725 to ease
immediate bullish pressure and below the 21-DMA (97.2440) to shift immediate
focus back to 97.1450.
US 10-YR FUTURE TECHS: (Z17) Above 125-16+ Threatens Key DMAs
*RES 4: 126-090 High Sept 18
*RES 3: 126-04+ High Sept 25
*RES 2: 125-24+ 100-DMA, 55-DMA, Bollinger band top
*RES 1: 125-16+ Hourly support Oct 16 now resistance
*PRICE: 125-13+ @ 2030GMT
*SUP 1: 125-06+ Low Nov 7
*SUP 2: 125-02+ 21-DMA
*SUP 3: 124-28+ Hourly support Nov 1
*SUP 4: 124-23 Low Oct 30 now resistance
*COMMENTARY: Closes above the 21-DMA add support to the case for a correction
back to 125-16+/24+ where 100 & 55-DMAs are situated. A close above the 55-DMA
is needed to hint at a move back to 126-25 with above 126-09 to confirm. Bears
look for a close below 124-28+ to ease bullish pressure and below 124-23 to
reconfirm immediate focus on the 124-00+/06 support region where the rising
weekly TL off 2017 Lows is noted.
US 10-YR YIELD TECHS: Flirting With 200-DMA
*RES 4: 2.401 - High Nov 1
*RES 3: 2.385 - Hourly support Nov 1 now resistance
*RES 2: 2.365 - Hourly resistance Nov 2
*RES 1: 2.340 - High Nov 7
*PRICE: 2.313 @ 2030GMT
*SUP 1: 2.278 - Low Oct 16
*SUP 2: 2.268 - 55-DMA
*SUP 3: 2.264 - 100-DMA
*SUP 4: 2.245 - High Sept 26 now support
*COMMENTARY: The yield remains heavy with bears taking comfort in a dip below
the 200-DMA (2.312) adding weight to the case for a test of 2.245-278 where 55 &
100-DMAs are situated. Daily studies have room to move before O/S is an issue.
Layers of resistance remain and add to bearish confidence with bulls needing a
close above 2.365 to gain breathing room and above 2.419 to return initial focus
to 2.477 and overall focus to 2.544-580.
JGB TECHS: (Z17) Bears Need Close Below 150.86
*RES 4: 151.51 - 2017 High Sept 8
*RES 3: 151.33 - High Sept 12
*RES 2: 151.21 - Low Sept 2 now resistance
*RES 1: 151.02 - High Nov 7
*PRICE: 150.99 @ 2030GMT
*SUP 1: 150.86 - Low Nov 7
*SUP 2: 150.77 - Hourly resistance Nov 6 now support
*SUP 3: 150.72 - 55-DMA
*SUP 4: 150.54 - Hourly resistance Nov 2 now support
*COMMENTARY: The 21-DMA (150.47) supported last week and provided the base for a
rally that now sees immediate focus on 151.02-21 and then the 2017 high. Daily
studies approaching O/B and the Bollinger top (150.87) remain key concerns for
bulls. Layers of support remain with bears now needing a close below 150.86 to
gain breathing room and below the 55-DMA to shift focus back to 150.47-54.
--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.