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Free AccessMNI Asian Morning FI Technical Analysis
29 January 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Bulls Still Need Close Above 97.780
*RES 4: 97.855 - High Jan 10
*RES 3: 97.798 - 21-DMA
*RES 2: 97.780 - High Jan 17
*RES 1: 97.770 - High Jan 24
*PRICE: 97.725 @ 2030GMT
*SUP 1: 97.715 - Lows Jan 24-26
*SUP 2: 97.690 - 2018 Low Jan 19
*SUP 3: 97.605 - 2015 Low Dec 12
*SUP 4: 97.550 - Low Dec 3 2014
*COMMENTARY: Bears take comfort in the contract remaining capped ahead of the
97.780-798 region where the 21-DMA is located following the bounce from 2018
lows. Bulls need a close above the 21-DMA to shift initial focus to 97.855. The
contract remains heavy despite daily studies correcting from O/S. The lack of
topside follow through last week adds weight to the bearish case and sees
immediate focus on 97.690 with overall bearish focus on 2015 lows.
AUSSIE 10-YR TECHS: (H18) Bears In Control While 21-DMA Caps
*RES 4: 97.2376 - 21-DMA
*RES 3: 97.2200 - Hourly support Jan 17 now resistance
*RES 2: 97.2050 - High Jan 24
*RES 1: 97.1700 - High Jan 25 & 26
*PRICE: 97.1350 @ 2030GMT
*SUP 1: 97.1250 - Low Jan 25
*SUP 2: 97.0900 - Monthly Low Oct 3
*SUP 3: 97.0750 - Monthly Low Sept 21
*SUP 4: 96.9875 - 2017 Low Mar 10
*COMMENTARY: Bulls have failed to capitalise on the recovery from 2018 lows
despite daily studies correcting from O/S adding support. Support emerging on
dips is a concern for bears who remain focused on 97.0750-0900 and a close below
to pressure 2017 lows. Bulls now need a close above the 21-DMA ease bearish
pressure and above the 100-DMA (97.2953) to shift initial focus to 97.3474-4000
where 55 & 200-DMAs are noted.
US 10-YR FUTURE TECHS: (H18) 122-20 Resistance Remains Key
*RES 4: 122-30 Hourly resistance Jan 17
*RES 3: 122-20 Low Jan 12 now resistance
*RES 2: 122-10+ Hourly resistance Jan 26
*RES 1: 122-04+ Hourly support Jan 25 now resistance
*PRICE: 122-02 @ 2030GMT
*SUP 1: 121-31 2018 Low Jan 25
*SUP 2: 121-23+ Bollinger Band Base
*SUP 3: 121-22+ Monthly Low July 1 2011
*SUP 4: 120-25+ Low Apr 29 2011
*COMMENTARY: Bears take comfort in bounces remaining capped ahead of the 122-20
resistance which remains key. Bulls need a close above to hint at a correction
back to 123-01+/123-20 where a channel top and 21-DMA are situated. Bears remain
focused on 120-25+/121-22+ while 122-20 caps but need a close below 121-31 to
add weight to their case.
US 10-YR YIELD TECHS: 2.692 Resistance Remains Key
*RES 4: 2.748 - High Apr 22 2014
*RES 3: 2.692 - Monthly High July 3 2014
*RES 2: 2.676 - 2018 High Jan 25
*RES 1: 2.650 - Hourly support Jan 25 now resistance
*PRICE: 2.662 @ 2030GMT
*SUP 1: 2.609 - Low Jan 24
*SUP 2: 2.585 - Low Jan 18
*SUP 3: 2.571 - Hourly resistance Jan 17 now support
*SUP 4: 2.540 - 21-DMA
*COMMENTARY: The 2.609 support remains key with dips last week remaining
supported around this level and immediate pressure remaining on 2.676-692. Bulls
continue to look for a close above 2.692 to confirm focus on 2.763-821 where the
daily bull channel top (2.787) is situated. Bears still need a close below 2.609
to ease bullish pressure and below 2.571 to hint at a correction back to
2.489-540 where the 21-DMA is noted.
JGB TECHS: (H18) 21 & 200-DMAs Key Resistance
*RES 4: 150.56 - High Jan 15
*RES 3: 150.51 - 21-DMA
*RES 2: 150.48 - Alternating support/resistance
*RES 1: 150.38 - Hourly support Jan 26 now resistance
*PRICE: 150.36 @ 2030GMT
*SUP 1: 150.25 - 2018 Low Jan 18
*SUP 2: 150.19 - Low Oct 23
*SUP 3: 150.08 - Monthly Low Oct 3
*SUP 4: 150.06 - Low July 20
*COMMENTARY: The recovery from 2018 lows has remained capped ahead of the 21-DMA
with bulls needing a close above to ease bearish pressure and above the 200-DMA
(150.63) to shift initial focus to 150.71-76 where 55 & 100-DMAs are situated.
Bears remain focused on the break of 150.19 needed to reconfirm focus on
150.06-08 and hint at a move targeting the 200-WMA (149.19).
--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.