MNI Asian Morning FI Technical Analysis

5 April 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Initial Focus Shifts To 97.745 

*RES 4: 97.935 - High Mar 15 

*RES 3: 97.930 - 200-DMA 

*RES 2: 97.910 - High Mar 28 

*RES 1: 97.860 - Hourly resistance Apr 3

*PRICE: 97.810 @ 2130GMT

*SUP 1: 97.791 - Bollinger band base 

*SUP 2: 97.745 - Low Mar 21 

*SUP 3: 97.705 - 2018 Low Jan 31 

*SUP 4: 97.605 - 2015 Low Dec 15 2015

*COMMENTARY: Topside hesitation ahead of the 97.910-98.015 resistance region

where the 200-DMA, bear channel top and key WMAs are situated has taken its toll

with the break of 97.810 shifting initial focus to 97.745 and overall focus back

to 2018 lows. Bulls now need a close above 97.860 to gain breathing room and to

return focus to 97.910-999 where key WMA and DMAs are situated.

     AUSSIE 10-YR TECHS: (M18) Focus Back On 200-DMA 

*RES 4: 97.5000 - High Dec 8

*RES 3: 97.4664 - 100-WMA

*RES 2: 97.4400 - 2018 High Apr 3

*RES 1: 97.4000 - Hourly resistance Apr 3

*PRICE: 97.3500 @ 2130GMT

*SUP 1: 97.2930 - 200-DMA

*SUP 2: 97.2750 - Alternating hourly support/resistance

*SUP 3: 97.2110 - 55-DMA

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

*COMMENTARY: Topside follow through has been lacking on fresh 2018 & 3mth highs

with Wednesday's sell-off seeing focus back on layers of support 97.1750-2930

where key DMAs are noted. Bears now look for a close below 97.1750 to confirm

focus on 97.0450-0800 where 2018 lows are found. Bulls now need a close above

97.4000 to ease bearish pressure and above 97.4400 to confirm focus on

97.5000-5200.

     US 10-YR FUTURE TECHS: (M18) 120-11 & 55-DMA Key Supports

*RES 4: 122-02  Monthly High Feb 6, 100-DMA

*RES 3: 121-12  High Apr 3

*RES 2: 121-05  High Apr 4

*RES 1: 120-30+ Hourly resistance Apr 4

*PRICE: 120-22+ @ 2130GMT

*SUP 1: 120-20+ 55-DMA

*SUP 2: 120-11  Low Mar 26 & 27

*SUP 3: 120-03  Low Mar 22

*SUP 4: 119-21+ Repeated Daily lows Feb

*COMMENTARY: A lack of follow through on the break of 121-09 has sees pressure

return to the 55-DMA as daily studies look to correct from O/B levels. Bears

still need a close below the 55-DMA to gain breathing room and below 120-11 to

confirm a break of the 21-DMA (120-15+) & shift focus back to 119-14/21+. While

the 55-DMA supports bulls remain focused on 122-02/19+ where key DMA and WMAs

are situated.

     US 10-YR YIELD TECHS: 2.815 Resistance Key

*RES 4: 2.889 - High Mar 22 

*RES 3: 2.859 - High Mar 27 

*RES 2: 2.833 - 21-DMA 

*RES 1: 2.815 - Low Mar 26

*PRICE: 2.808 @ 2130GMT

*SUP 1: 2.772 - Hourly resistance Apr 4 now support 

*SUP 2: 2.748 - Low Apr 4 

*SUP 3: 2.717 - Low Apr 2 

*SUP 4: 2.648 - Monthly Low Feb 6

*COMMENTARY: Having gained traction below the 55-DMA the bounce Tuesday was less

than ideal as daily studies approach O/S levels and sees the yield flirting with

the 55-DMA (2.802). Bulls look for a close above 2.815 to confirm a break of the

55-DMA and gain breathing room with above 2.859 to shift focus higher. Bears now

need a close below 2.772 to gain breathing room and retain focus on 2.585-648

where the 100-DMA is noted.

     JGB TECHS: (M18) Bears Need Close Below 21-DMA

*RES 4: 151.15 - 2018 High Mar 2

*RES 3: 151.08 - Bollinger band top

*RES 2: 151.06 - High Mar 12

*RES 1: 150.99 - High Apr 4

*PRICE: 150.93 @ 2130GMT

*SUP 1: 150.90 - 21-DMA 

*SUP 2: 150.80 - Hourly support Apr 2 

*SUP 3: 150.70 - Low Apr 2 

*SUP 4: 150.69 - 55-DMA

*COMMENTARY: The dip to start the new week found support ahead of the 55 &

200-DMAs following the dip below the 100-DMA (150.76) with gains Tuesday

confirming initial focus back on 150.15-21 where 2018 highs are noted. The

21-DMA is now initial support with bears now needing a close below to gain

breathing room and below 150.80 to shift focus back to 55 & 100-DMAs 150.63-70.

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

[TOPICS: MTABLE]