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Free AccessMNI Asian Morning FI Technical Analysis
14 December 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Support Region Confirms Significance
*RES 4: 98.130 - Low June 20 now resistance
*RES 3: 98.110 - High Nov 28 & 29
*RES 2: 98.065 - Hourly resistance Dec 4, High Dec 8
*RES 1: 98.015 - High Dec 12
*PRICE: 98.005 @ 2030GMT
*SUP 1: 97.972 - Daily Bull channel base
*SUP 2: 97.968 - 55-DMA
*SUP 3: 97.960 - Monthly Lows Nov 1 & 2
*SUP 4: 97.900 - Low Oct 27
*COMMENTARY: The 97.960-972 support region where 55 & 100-DMAs and the bull
channel base are located reconfirmed significance with the contract bouncing
from this region Wednesday. Layers of resistance remain with bulls needing a
close above 98.015 to ease bearish pressure and above 98.065 to shift focus back
to 98.110-130. Bears still look for a close below 97.960 to end bullish hopes,
shifting initial focus to 97.900 and overall focus back to 2017 lows (97.720).
AUSSIE 10-YR TECHS: (Z17) Bulls Still Need Close Above 97.5200
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.5157 - Bollinger band top
*RES 1: 97.5000 - Hourly resistance Dec 1, High Dec 8
*PRICE: 97.4800 @ 2030GMT
*SUP 1: 97.4650 - High Dec 12 now support
*SUP 2: 97.4450 - Alternating hourly support/resistance
*SUP 3: 97.4172 - Daily Bull channel base
*SUP 4: 97.4075 - Low Dec 12
*COMMENTARY: Bulls take comfort in the bounce from the daily bull channel base
off Oct 25 lows retaining immediate focus on 97.5200. Bulls look for a close
above 97.5200 to reconfirm a bullish bias and initially targeting 97.6100-6750
where 2017 highs and the bull channel top are located. Layers of support are
building with bears now needing a close below the bull channel base to ease
bullish pressure and return focus to 97.2926-3650 where key DMAs are noted.
US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above Channel Top
*RES 4: 125-06+ Monthly high Nov 8
*RES 3: 125-00 High Nov 28
*RES 2: 124-24+ Daily Bear channel top
*RES 1: 124-21+ 55-DMA
*PRICE: 124-18+ @ 2030GMT
*SUP 1: 124-13 Hourly breakout level Dec 13
*SUP 2: 124-05 Hourly support Dec 13
*SUP 3: 123-29 Low Dec 13
*SUP 4: 123-27 Lows Oct 25 & 27
*COMMENTARY: Pressure has returned to the 124-21+/24+ resistance region where
the 55-DMA and bear channel top are situated. Bulls now look for a close above
the channel top to shift immediate focus to 125-00/07+ where the 100-DMA is
located. Support layers are building and adding to bullish confidence. Bears now
need a close below 124-13 to ease pressure on the 55-DMA and below 124-05 to
reconfirm focus on the key 123-27/29 support region.
US 10-YR YIELD TECHS: Focus Returns to 2.273-303
*RES 4: 2.437 - High Nov 30
*RES 3: 2.426 - High Dec 13
*RES 2: 2.398 - Hourly resistance Dec 13
*RES 1: 2.369 - Hourly support Dec 13 now resistance
*PRICE: 2.348 @ 2030GMT
*SUP 1: 2.343 - Daily Bull channel base
*SUP 2: 2.303 - 200-DMA
*SUP 3: 2.288 - 100-DMA
*SUP 4: 2.273 - Monthly Low Oct 13
*COMMENTARY: The 2.437 resistance remains key with topside failures resulting in
a sell-off and bears focused on the 2.273-303 region where key DMAs and Oct low
are located. Layers of resistance building are now weighing with bulls needing a
close above 2.398 to ease bearish pressure and return initial focus to
2.426-437. Overall above 2.437 targets 2017 highs and below 2.273 hints at a
move back to 2017 lows at 2.016 with below 2.207 to confirm.
JGB TECHS: (Z17) Topside Follow Through Lacking
*RES 4: 151.19 - Monthly high Nov 22
*RES 3: 151.13 - High Nov 24
*RES 2: 151.05 - High Dec 8
*RES 1: 150.99 - High Dec 13
*PRICE: 150.89 @ 2030GMT
*SUP 1: 150.84 - Alternating hourly sup/res
*SUP 2: 150.75 - Low Dec 5
*SUP 3: 150.67 - 55-DMA
*SUP 4: 150.60 - 200-DMA
*COMMENTARY: Topside follow through on the break above 151.00 was lacking Friday
with the focus back on the 150.84 support. Bears now need a close below 150.84
to confirm a break of the channel base (150.88) and shift focus to 150.54-75
where 55, 100 & 200 DMAs are clustered. Bulls now need a close above 150.99 to
gain breathing room and above 151.05 to reconfirm focus on 151.19-21 where Nov
highs are located.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
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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.