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6 July 2018
By Kyle Shortland
     
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U18) Bears Still Need Close Below 97.900 
*RES 4: 98.015 - Alternating daily support/resistance 
*RES 3: 97.986 - Bollinger band top 
*RES 2: 97.965 - 2018 High July 2 
*RES 1: 97.950 - High July 4
*PRICE: 97.935 @ 2130GMT
*SUP 1: 97.900 - Low June 29 
*SUP 2: 97.865 - 200-DMA 
*SUP 3: 97.835 - High June 14 now support 
*SUP 4: 97.813 - 55-DMA
*COMMENTARY: The lack of topside follow through on fresh 2018 & 8mth highs is a
concern for bulls with daily momentum divergence noted, O/B studies in general
and the Bollinger top lurking just above. Bears look for a close below 97.900 to
ease bullish pressure and shift focus back to 97.795-873 where key DMAs are
clustered. Bulls need a close above 97.965 to reconfirm focus on 98.015-031
where 100 & 200-WMAs are noted.
     AUSSIE 10-YR TECHS: Above $0.7552 To Target 100 & 200-DMAs
*RES 4: $0.7481 - High June 15
*RES 3: $0.7443 - Highs June 25 & 26
*RES 2: $0.7430 - 21-DMA
*RES 1: $0.7397 - Hourly support July 4 now resistance
*PRICE: $0.7385 @ 2130GMT
*SUP 1: $0.7348 - Hourly resistance July 3 now support 
*SUP 2: $0.7308 - 2018 Low July 2 
*SUP 3: $0.7265 - Low Jan 5 2017 
*SUP 4: $0.7263 - Bollinger band base
*COMMENTARY: Fresh 2018 & 18mth lows Monday added to bearish confidence with
bears targeting $0.7152 Dec 2016 monthly lows, although the weekly bear channel
base ($0.7216) may slow the move. In saying that, bulls need a close above
$0.7443 to gain breathing room and above $0.7552 to confirm a break of the
55-DMA ($0.7504) and shift focus to $0.7619-0.7735 where 100 & 200-DMAs are
situated.
     US 10-YR FUTURE TECHS: (U18) 120-16 Resistance Remains Key
*RES 4: 121-03 High May 30
*RES 3: 120-24 Hourly resistance May 30a
*RES 2: 120-16 Hourly resistance May 30
*RES 1: 120-11+ Falling Tl Off May high
*PRICE: 120-11 @ 2130GMT
*SUP 1: 120-07 Hourly support July 5
*SUP 2: 120-03 Low July 5
*SUP 3: 119-30 Low July 3
*SUP 4: 119-26+ Low June 26
*COMMENTARY: The 120-16 resistance remains key this week with bulls needing a
close above to confirm focus on 121-03/12. The Bollinger top (120-15+) and
modestly O/B studies remain key concerns for bulls and limit follow through.
Bears now look for a close below 120-03 now to ease bullish pressure and below
119-26+ to shift initial focus back to 119-13+ where the 55-DMA is located.
     US 10-YR YIELD TECHS: 2.884-2.950 Resistance Region Now Key
*RES 4: 2.900 - High June 26 
*RES 3: 2.884 - High July 3 
*RES 2: 2.866 - High July 5 
*RES 1: 2.842 - Hourly support July 2 now resistance
*PRICE: 2.833 @ 2130GMT
*SUP 1: 2.820 - Low July 5 
*SUP 2: 2.790 - Hourly support May 30a 
*SUP 3: 2.759 - Low May 29 
*SUP 4: 2.717 - Monthly Low Apr 2
*COMMENTARY: Overall bearish focus remains on 2.717-759 where Apr & May lows are
noted. The Bollinger base (2.810) and modestly O/S studies remain key concern
for bears and limit follow through. Bulls continue now look for a close above
2.884 to gain breathing room and above 2.950 to confirm breaks of 21, 55 &
100-DMAs and pressure the key 3.014-050 resistance region.
     JGB TECHS: (U18) Bears Need Close Below 150.89
*RES 4: 151.15 - 2018 High Mar 2
*RES 3: 151.13 - Monthly High May 30
*RES 2: 151.02 - Hourly resistance May 30
*RES 1: 150.99 - High July 5
*PRICE: 150.96 @ 2130GMT
*SUP 1: 150.89 - High June 25 now support 
*SUP 2: 150.80 - Low June 29 
*SUP 3: 150.71 - Low June 15 
*SUP 4: 150.60 - Low June 14
*COMMENTARY: Narrow sideways trading came to an end Monday with fresh 4 week
highs Thursday reinforcing focus on 151.02-19 where 2018 & monthly highs are
situated. Daily studies looking to correct from modestly O/B and the lack of
topside follow through remain concerns for bulls. In saying that, bears still
need a close below 150.89 to signal a false break higher and return initial
focus to 150.71-80.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]