MNI Asian Morning FI Technical Analysis

23 March 2018

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Above 97.870 To Ease Bearish Pressure 

*RES 4: 97.935 - High Mar 15 

*RES 3: 97.904 - 100-DMA 

*RES 2: 97.870 - Lows Mar 16 & 19 now resistance 

*RES 1: 97.845 - Hourly resistance Mar 23

*PRICE: 97.825 @ 2030GMT

*SUP 1: 97.745 - Low Mar 21 

*SUP 2: 97.705 - 2018 Low Jan 31 

*SUP 3: 97.604 - 2015 Low Dec 15 2015 

*SUP 4: 97.550 - Monthly Low Dec 3 2014

*COMMENTARY: Volatile trading continues with the contract recovering from 2mth

lows but failing to gain traction back above the 55-DMA. Bulls now need a close

above 97.870 to ease bearish pressure and above the 100-DMA to return focus to

97.935-993 where key WMAs, the 200-DMA and daily bear channel top are noted.

Bears continue to focus on 2018 lows while the 97.870 caps.

     AUSSIE 10-YR TECHS: (M18) Aggressive Bounce Ahead of 55-DMA 

*RES 4: 97.4203 - 100-DMA

*RES 3: 97.3850 - 2018 High Jan 8

*RES 2: 97.3300 - Hourly resistance Mar 23

*RES 1: 97.3245 - Bollinger band top

*PRICE: 97.3100 @ 2030GMT

*SUP 1: 97.2750 - Alternating hourly support/resistance

*SUP 2: 97.1991 - 55-DMA

*SUP 3: 97.1750 - Hourly resistance Feb 23 now support

*SUP 4: 97.1518 - Bollinger band base

*COMMENTARY: Having bounced from ahead of the 55-DMA (92.307) follow through on

fresh 2mth highs has been lacking with the contract failing to gain traction

above the 55-WMA courtesy of the Bollinger band top. Bulls now need a close

above 97.3300 to confirm a break and shift focus to 97.3850-5373 where 100 &

200-WMAs are noted. Bears now need a close below 97.2750 to ease bullish

pressure and below 97.1750 to target 2018 lows.

     US 10-YR FUTURE TECHS: (M18) Focus Now On 55-DMA & 121-01+ Resistance

*RES 4: 122-02  Monthly High Feb 6

*RES 3: 121-01+ High Feb 7

*RES 2: 120-30+ 55-DMA

*RES 1: 120-25  High Mar 23

*PRICE: 120-18+ @ 2030GMT

*SUP 1: 120-12+ Hourly support Mar 22

*SUP 2: 120-03  Low Mar 22

*SUP 3: 119-21+ Repeated Daily lows Feb

*SUP 4: 119-14  Monthly Low Feb 15

*COMMENTARY: The lack of follow through and bounce from 119-14/21+ has resulted

in a break of the 120-23 resistance that repeatedly capped with immediate focus

now on 120-30+/121-01+ where the 55-DMA is noted. Bulls need a close above

121-01+ to end bearish hopes and shift focus to 122-02/19+ where Feb highs, the

100-DMA and 100-WMA are found. Bears now need a close below 120-03 to pressure

119-14+/21+.

     US 10-YR YIELD TECHS: 2.758-793 Support Remains Key

*RES 4: 2.936 - High Feb 21 

*RES 3: 2.924 - Bollinger band top 

*RES 2: 2.889 - High Mar 22 

*RES 1: 2.848 - Hourly resistance Mar 22

*PRICE: 2.824 @ 2030GMT

*SUP 1: 2.804 - Bollinger band base 

*SUP 2: 2.793 - Low Mar 2 

*SUP 3: 2.786 - Low Feb 9 

*SUP 4: 2.761 - 55-DMA

*COMMENTARY: The lack of topside follow through Wednesday has seen pressure

return to the key 2.758-793 support region where the 55-DMA is noted. The

Bollinger base is key concern and currently limits follow through. Bears

continue to look for a close below 2.758 to end bullish hopes and initially

target 2.585-648. Bulls continue to look for a close above 2.957 2018 highs to

shift focus back to tests of 3.041 2014 highs.

     JGB TECHS: (M18) Immediate Focus On 151.13-19

*RES 4: 151.19 - Monthly High Nov 22

*RES 3: 151.15 - 2018 High Mar 2

*RES 2: 151.13 - Bollinger band top

*RES 1: 151.06 - High Mar 12

*PRICE: 150.99 @ 2030GMT

*SUP 1: 150.95 - Hourly support Mar 23 

*SUP 2: 150.82 - Low Mar 22 

*SUP 3: 150.73 - High Mar 14 now support, Bull channel base 

*SUP 4: 150.71 - Bollinger band base

*COMMENTARY: The recovery from 200-DMA tests that defined last week is now

gaining traction above the 21-DMA (150.92) with bulls now focused on a test of

151.13-19 where the Bollinger top, 2018 high and Nov monthly high are located.

Bears now need a close below 150.95 to gain breathing room and below 150.73 to

shift immediate focus back to the 200-DMA (150.62).

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]