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Free AccessMNI ASIA MARKETS ANALYSIS: Tsys Retreat From Early Highs
MNI Asian Morning FI Technical Analysis
1 May 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) O/S Daily Studies Impacting
*RES 4: 97.905 - 200-DMA
*RES 3: 97.865 - High Apr 10
*RES 2: 97.834 - 55-DMA
*RES 1: 97.795 - High Apr 16
*PRICE: 97.780 @ 2130GMT
*SUP 1: 97.730 - Repeated daily resistance now support
*SUP 2: 97.675 - 2018 Low Apr 24
*SUP 3: 97.605 - 2015 Low Dec 15 2015
*SUP 4: 97.510 - High Nov 25 2014 now support
*COMMENTARY: Hesitation ahead of 2018 & 2+yr lows continues with O/S daily
studies impacting and a correction back towards 97.795. Bulls need a close above
97.795 to confirm a break of the 21-DMA (97.772) & shift focus back to
97.835-865 where 55 (97.834) & 100 (97.839) DMAs are situated. Initial support
is still noted at 97.730 with bears needing a close below to ease pressure on
97.795.
AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 200-DMA
*RES 4: 97.2796 - 200-DMA
*RES 3: 97.2600 - High Apr 18
*RES 2: 97.2795 - 200-DMA
*RES 1: 97.2600 - High Apr 18
*PRICE: 97.1850 @ 2130GMT
*SUP 1: 97.2000 - Hourly support Apr 30
*SUP 2: 97.1500 - High Apr 24 now support
*SUP 3: 97.0800 - Low Feb 21
*SUP 4: 97.0688 - Weekly Bull channel base off 2008 Low
*COMMENTARY: Hesitation ahead of the 97.0450-0800 support region has resulted in
a correction that now sees immediate focus on 97.2600-2795 where the 200-DMA is
located. Bulls need a close above the 200-DMA to shift initial focus to
97.4000-4400. Correcting O/S daily studies remain the key concern for bears.
Bears now look for a close below 97.1500 to gain breathing room and retain
initial focus on 2018 lows.
US 10-YR FUTURE TECHS: (M18) O/S Daily Studies Impacting
*RES 4: 120-07+ 55-DMA
*RES 3: 120-06+ High Apr 19
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-29+ High Apr 20
*PRICE: 119-20 @ 2130GMT
*SUP 1: 119-09 High Apr 25 now support
*SUP 2: 118-31 2018 Low Apr 25
*SUP 3: 118-24 Low Apr 13 2011
*SUP 4: 117-29+ Monthly Low Apr 8 2011
*COMMENTARY: O/S daily studies look to be impacting with the contract closing
the week above 119-14+. Bulls now look for a close above Y120-06+ to initially
target a correction back to 120-21+/24. Bulls take comfort in the 119-09 level
supporting Friday with bears needing a close below to retain initial focus on
retests of 2018 lows and overall focus on 117-22+/118-24 where the weekly bear
channel base and 2011 low are located.
US 10-YR YIELD TECHS: Capped Ahead Of 2014 High
*RES 4: 3.041 - 2014 High Jan 2
*RES 3: 3.035 - 2018 High Apr 25
*RES 2: 3.018 - Hourly support Apr 26 now resistance
*RES 1: 2.988 - High Apr 27
*PRICE: 2.955 @ 2130GMT
*SUP 1: 2.934 - Low Apr 30
*SUP 2: 2.925 - Hourly support Apr 20
*SUP 3: 2.904 - Low Apr 20
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: Hesitation ahead of 2014 highs & 3.041-073 is a concern given daily
studies correcting from O/B and the proximity of the Bollinger top (3.039). The
close below 3.007 initially targets a correction to 2.925. Below 2.925 is needed
to shift initial focus back to 2.814-876 where 21 (2.867) & 55 (2.861) DMAs are
situated. Bulls look for a close above 3.073 to shift focus 3.183-223 where the
weekly bull channel top is noted.
JGB TECHS: (M18) 55-DMA Resistance Remains Key
*RES 4: 151.03 - High Apr 12
*RES 3: 150.95 - Low Apr 12 now resistance
*RES 2: 150.84 - 55-DMA
*RES 1: 150.81 - 21-DMA
*PRICE: 150.79 @ 2130GMT
*SUP 1: 150.70 - Alternating daily support/resistance
*SUP 2: 150.67 - 200-DMA
*SUP 3: 150.52 - Alternating daily support/resistance
*SUP 4: 150.39 - Monthly Low Apr 26
*COMMENTARY: Dips back towards 150.36 were aggressively reversed and combined
with daily studies correcting from O/S has seen pressure return to where 21 &
55-DMAs are located. Bulls need a close above the 55-DMA to end bearish hopes
and shift initial focus back to 150.95-151.06. Bears continue to look for a
close below 150.36 to shift immediate focus to tests of 2018 lows. Fresh 2018
lows then target the 200-WMA. (149.55).
--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.