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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

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(Z1)‌‌ Support Appears Exposed

MNI Asian Morning FX Technical Analysis

14 September 2017
By Kyle Shortland
     
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/h8lzqnc
AUSSIE TECHS: Below 21-DMA To Add Weight To Bearish Case
*RES 4: $0.8081 - Hourly support Sept 8 now resistance
*RES 3: $0.8061 - Hourly resistance Sept 11
*RES 2: $0.8044 - High Sept 13
*RES 1: $0.7996 - Low Sept 12 now resistance
*PRICE: $0.7984 @ 2100GMT
*SUP 1: $0.7961 - Low Sept 6 
*SUP 2: $0.7957 - 21-DMA 
*SUP 3: $0.7920 - Hourly support Aug 31 
*SUP 4: $0.7863 - Low Aug 24
*COMMENTARY: The correction lower from 2017 highs sees the pair flirting with
the daily bull channel base ($0.7992). Bears now look for a close below the
21-DMA to confirm a break of the channel base and below $0.7920 to shift initial
focus to $0.7863-78 where the 55-DMA is located. Daily studies are well placed
for a fresh leg lower. Bulls now need a close above $0.7996 to gain breathing
room and above $0.8081 to reconfirm initial focus on 2017 highs.
KIWI TECHS: Remains Capped Ahead Of $0.7337
*RES 4: $0.7337 - High Aug 21 
*RES 3: $0.7320 - High Sept 11 
*RES 2: $0.7303 - High Sept 13 
*RES 1: $0.7276 - Hourly support Sept 13 now resistance
*PRICE: $0.7237 @ 2100GMT
*SUP 1: $0.7275 - Hourly support Sept 11
*SUP 2: $0.7210 - Hourly support Sept 5
*SUP 3: $0.7172 - Low Sept 7
*SUP 4: $0.7134 - 200-DMA
*COMMENTARY: The $0.7337 resistance was noted as key this week and so far bears
have not been disappointed with attempts to rally capped ahead of/at this level.
Bulls need a close above $0.7337 to confirm a break of the 55-DMA ($0.7312) and
to shift overall focus to 2017 highs. Bears remain focused on the 200-DMA while
$0.7337 caps. A close below the 200-DMA is needed to shift overall focus to
tests of 2017 lows.
AUSSIE-KIWI TECHS: Pressuring 21-DMA & Bull Channel Base
*RES 4: NZ$1.1186 - Bollinger band top
*RES 3: NZ$1.1142 - 2017High Sept 1
*RES 2: NZ$1.1107 - High Sept 12
*RES 1: NZ$1.1046 - High Sept 13
*PRICE: NZ$1.1027 @ 2100GMT
*SUP 1: NZ$1.0987 - 21-DMA, Daily Bull channel base
*SUP 2: NZ$1.0913 - Hourly resistance Aug 23 now support
*SUP 3: NZ$1.0880 - High Aug 17 now support
*SUP 4: NZ$1.0858 - Low Aug 23
*COMMENTARY: Continued hesitation ahead of the 2017 high resulted in a close
below NZ$1.1007 Tuesday that sees immediate pressure on the 21-DMA and daily
bull channel base. Bears look for a close below these supports to confirm
immediate focus ton NZ$1.0880-1.0913 and overall focus on NZ$1.0798. Correcting
O/B studies add weight to the bearish case. Bulls now need a close above
NZ$1.1046 to shift focus to NZ$1.1107-42.
AUSSIE-YEN TECHS: Bears Need Close Below Y87.95
*RES 4: Y89.47 - Low Dec 7 2015 now resistance 
*RES 3: Y89.41 - 2017 High July 27 
*RES 2: Y88.81 - High July 28 
*RES 1: Y88.56 - High Sept 12
*PRICE: Y88.26 @ 2100GMT
*SUP 1: Y87.95 - High Sept 1 now support
*SUP 2: Y87.46 - Low Sept 12
*SUP 3: Y87.33 - Hourly support Sept 11
*SUP 4: Y87.06 - Hourly support Sept 11a
*COMMENTARY: Bulls took comfort in the close above Y88.02 Tuesday and bullish
focus now on Y89.41-47. The Bollinger top (Y88.25) is the key concern for bulls
and currently limits follow through. Initial support is noted at Y87.95 with
bears needing a close below to ease immediate bullish pressure and below Y87.33
to pressure Y86.48-65 where the bull channel base is noted.
EURO-AUSSIE TECHS: A$1.4830 & A$1.4997 Levels Key 
*RES 4: A$1.5093 - High Aug 30
*RES 3: A$1.5043 - High Sept 1
*RES 2: A$1.4997 - High Sept 7
*RES 1: A$1.4951 - High Sept 11
*PRICE: A$1.4914 @ 2100GMT
*SUP 1: A$1.4865 - 55-DMA 
*SUP 2: A$1.4859 - 100-DMA 
*SUP 3: A$1.4830 - Low Sept 6 
*SUP 4: A$1.4792 - Low Aug 18
*COMMENTARY: Topside follow through was lacking again last week although bulls
take comfort in support emerging on dips below the 55 & 100-DMAs. Bears continue
to look for a close below A$1.4830 to confirm breaks of DMAs and shift focus
back to A$1.4422-94 where the 200-DMA and July lows are noted. Bulls still need
a close above A$1.4997 to ease pressure on supports and above A$1.5093 to return
focus to A$1.5175-1.5226.
US DOLLAR-INDEX TECHS: DOLLAR-INDEX TECHS: Bears Need Close Below 92.100
*RES 4: 92.936 - Hourly resistance Aug 31 
*RES 3: 92.711 - High Sept 4 
*RES 2: 92.648 - 21-DMA 
*RES 1: 92.530 - High Sept 13
*PRICE: 92.421 @ 2130GMT
*SUP 1: 92.100 - Alternating hourly support/resistance
*SUP 2: 91.710 - Low Sept 13
*SUP 3: 91.626 - Hourly resistance Sept 8 now support
*SUP 4: 91.410 - Low Sept 11
*COMMENTARY: Hesitation ahead of 92.100 came to an end Wednesday with a break
higher and bullish close that sees immediate focus on 92.530-96.347 where the
21-DMA is located. Bulls need a close above 93.347 to initially pressure the
55-DMA (93.759). A close above the 55-DMA was last seen in early Nov. Bears now
look for a close below 92.100 to gain breathing room and below 91.410 to
reconfirm initial focus on recent 2017 lows.
EURO-DOLLAR TECHS: Pressuring 21-DMA
*RES 4: $1.2045 Hourly resistance Sept 8 
*RES 3: $1.1995 High Sept 13 
*RES 2: $1.1964 Hourly support Sept 13 now resistance 
*RES 1: $1.1926 Low Sept 12 now resistance
*PRICE: $1.1886 @ 2030GMT
*SUP 1: $1.1868 Low Sept 5 
*SUP 2: $1.1823 Low Sept 1 
*SUP 3: $1.1799 Daily Bull channel base 
*SUP 4: $1.1713 21-DMA
*COMMENTARY: The correction from 2017 highs continues with the pair now flirting
with the 21-DMA ($1.1882). Bears now focus on $1.1799-1.1823 where the daily
bull channel base is located with below $1.1868 to add weight to the bearish
case. Resistance layers are building with bulls needing a close above $1.1926 to
ease immediate bearish pressure and above $1.2045 to reconfirm initial focus on
2017 highs. Daily studies are well placed for a fresh leg lower.
DOLLAR-YEN TECHS: Bulls Now Need Close Above Y111.33
*RES 4: Y111.15 55-DMA 
*RES 3: Y110.81 55-DMA 
*RES 2: Y110.76 Bollinger band top 
*RES 1: Y110.69 High Sept 13
*PRICE: Y110.60 @ 2030GMT
*SUP 1: Y110.29 Hourly resistance Sept 13 now support 
*SUP 2: Y109.91 Low Sept 13 
*SUP 3: Y109.58 Hourly resistance Sept 12 now support 
*SUP 4: Y109.23 Low Sept 12
*COMMENTARY: Pressure remains firmly on layers of resistance Y110.69-111.33
where 55 & 100-DMAs are situated. Daily studies are well placed for a fresh leg
higher although the Bollinger top is a concern for bulls. Bulls now look for a
close above Y111.33 to shift initial focus to the 200-DMA (Y112.31). Layers of
resistance continue to build with bears now needing a close below Y109.91 to
ease bullish pressure and below Y108.70 to return focus to 2017 lows.
SPOT GOLD TECHS: Focus Now On $1294.6-1313.7
*RES 4: $1350.5 - Hourly support Sept 8 now resistance 
*RES 3: $1342.1 - Hourly support Sept 8 now resistance A 
*RES 2: $1334.8 - High Sept 13 
*RES 1: $1329.4 - Hourly support Sept 13 now resistance
*PRICE: $1321.5 @ 2130GMT
*SUP 1: $1320.7 - Low Sept 13 
*SUP 2: $1313.7 - High Aug 30 now support 
*SUP 3: $1312.5 - 21-DMA 
*SUP 4: $1304.9 - Hourly support Aug 31
*COMMENTARY: Fresh 2017 and 12mth highs lacked follow through Friday with bears
taking comfort in the gapping move lower Monday that eased bullish pressure and
now confirms focus on $1294.6-1313.7 where the 21-DMA is located. Below $1294.6
is needed to target 55 ($1272.7) & 100 ($1263.9) DMAs. Resistance layers are
building with bull needing a close above $1234.8 to ease bearish pressure and
above $1242.1 to target $1375.1 2016 highs.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]