MNI Asian Morning FI Technical Analysis

26 March 2018

By Kyle Shortland

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

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

*RES 4: 97.941 - 200-DMA 

*RES 3: 97.935 - High Mar 15 

*RES 2: 97.903 - 100-DMA 

*RES 1: 97.870 - Lows Mar 16 & 19 now resistance

*PRICE: 97.860 @ 2030GMT

*SUP 1: 97.810 - Hourly support Mar 23 

*SUP 2: 97.745 - Low Mar 21 

*SUP 3: 97.705 - 2018 Low Jan 31 

*SUP 4: 97.604 - 2015 Low Dec 15 2015

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

lows and gaining 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) Immediate Bullish Focus On 97.3850 

*RES 4: 97.5000 - High Dec 8

*RES 3: 97.4707 - 100-WMA

*RES 2: 97.3850 - 2018 High Jan 8

*RES 1: 97.3550 - High Mar 23

*PRICE: 97.3400 @ 2030GMT

*SUP 1: 97.3100 - Hourly support Mar 23

*SUP 2: 97.2750 - Alternating hourly support/resistance

*SUP 3: 97.1998 - 55-DMA

*SUP 4: 97.1750 - Hourly resistance Feb 23 now support

*COMMENTARY: The bounce from the 55-DMA last week sees the contract flirting

with the Bollinger top (97.3415) and pressuring the 97.3850 resistance. Bulls

now need a close above 98.3850 to shift focus to 97.3850-5399 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: 122-11 100-DMA

*RES 3: 122-02 Monthly High Feb 6

*RES 2: 121-01+ High Feb 7

*RES 1: 120-29+ 55-DMA

*PRICE: 120-21+ @ 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 120-29+/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 120-12+ to gain

breathing room.

     US 10-YR YIELD TECHS: Below 2.758 Targets 2.585-648

*RES 4: 2.957 - 2018 High Feb 21 

*RES 3: 2.936 - High Feb 21 

*RES 2: 2.889 - High Mar 22 

*RES 1: 2.852 - High Mar 23

*PRICE: 2.826 @ 0530GMT

*SUP 1: 2.786 - Low Feb 9 

*SUP 2: 2.768 - 55-DMA 

*SUP 3: 2.758 - Low Feb 7 

*SUP 4: 2.648 - Monthly Low Feb 6

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

2.758-786 where the 55-DMA is noted. The Bollinger base (2.804) is the 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 now need

a close above 2.852 to gain breathing room and above 2.889 to shift focus back

to 2.936-957.

     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: 150.94 - 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: 150.72 - Bollinger band base

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

gaining traction above the 21-DMA (150.93) 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 150.94 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]