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MNI Asian Morning FI Technical Analysis

2 January 2018
By Kyle Shortland
AUSSIE 3-YR TECHS: (H18) Bulls Need Close Above 97.855 
*RES 4: 97.972 - 55-DMA 
*RES 3: 97.955 - 100-DMA 
*RES 2: 97.910 - Hourly resistance Dec 18 
*RES 1: 97.855 - High Dec 21
*PRICE: 97.805 @ 2030GMT
*SUP 1: 97.770 - Low Sept 22 
*SUP 2: 97.720 - 2017 Low Sept 21 
*SUP 3: 97.605 - 2015 Low Dec 12 
*SUP 4: 97.550 - Monthly Low Dec 3 2014
*COMMENTARY: O/S daily studies appear to be impacting with hesitation ahead of
the 97.720-770 support region resulting in a bounce Wednesday. Bulls continue to
look for a close above 97.855 to ease bearish pressure and above 97.910 to shift
immediate focus back to 97.955-98.041 where key DMAs are clustered. While 97.855
caps bears remain focused on tests of 2017 lows.
AUSSIE 10-YR TECHS: (H18) Bulls Need Close Above 21-DMA 
*RES 4: 97.4400 - High Dec 18
*RES 3: 97.4081 - 21-DMA
*RES 2: 97.3650 - Low Dec 17 now resistance
*RES 1: 97.3581 - 55-DMA
*PRICE: 97.3400 @ 2030GMT
*SUP 1: 97.2800 - Hourly resistance Dec 27 now support
*SUP 2: 97.2400 - Low Dec 27
*SUP 3: 97.2200 - High Oct 25 now support
*SUP 4: 97.2105 - 200-WMA
*COMMENTARY: Bears failed to trouble the key 97.2200 support with O/S daily
studies impacting and the contract correcting back towards layers of resistance.
Bulls now need a close above the 21-DMA to end bearish hopes and shift immediate
focus to tests of 97.5200 Nov highs. Support layers are building and adding to
bullish confidence. Bears now need a close below 97.2800 to retain focus on
97.2200-2400.
US 10-YR FUTURE TECHS: 
US 10-YR YIELD TECHS: 
JGB TECHS: 
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

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