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Free AccessMNI 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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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.