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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

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

6 June 2018
By Kyle Shortland
     
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/h8lzqnc
AUSSIE TECHS: $0.7593 Support Confirms Significance
*RES 4: $0.7753 - 200-DMA
*RES 3: $0.7747 - 55-WMA
*RES 2: $0.7735 - Low Apr 12 now resistance
*RES 1: $0.7682 - High Apr 23
*PRICE: $0.7614 @ 2130GMT
*SUP 1: $0.7593 - High May 31 now support 
*SUP 2: $0.7549 - 21-DMA 
*SUP 3: $0.7513 - Low June 1 
*SUP 4: $0.7474 - Low May 30
*COMMENTARY: The pair managed an inside day Tuesday with the $0.7593 support
confirming significance having supported. Bears look for a close below $0.7593
to signal a false break higher and to see focus return to layers of support
$0.7410-0.7513. The lack of follow through on the close above key resistance
levels is less than ideal with Bollinger top at $0.7639). Bulls now need a close
above $0.7682 to reconfirm focus on $0.7735-54 where 100 & 200-DMAs are noted.
     KIWI TECHS: $0.7052 Resistance Key Today
*RES 4: $0.7123 - 200-DMA 
*RES 3: $0.7103 - 55-DMA 
*RES 2: $0.7102 - Hourly support Apr 25 now resistance 
*RES 1: $0.7052 - High May 4
*PRICE: $0.7022 @ 2130GMT
*SUP 1: $0.6993 - Hourly resistance June 4 now support
*SUP 2: $0.6959 - High May 28 now support
*SUP 3: $0.6946 - 21-DMA
*SUP 4: $0.6880 - Low May 30
*COMMENTARY: Gains to start the new week have remained capped ahead of $0.7052
with bulls needing a close above to shift initial focus to $0.7102-0.7200 where
55, 100 & 200-DMAs and 21, 55, 100 & 200-WMAs are situated. The 21-DMA remains
key support. Bears need a close below the 21-DMA to ease bullish pressure and
return focus to $0.6849-80 where 2018 lows are situated. The Bollinger top
($0.7042) is the key concern for bulls.
     AUSSIE-KIWI TECHS: Below NZ$1.0697 to Target 2018 Low
*RES 4: NZ$1.1006 - Low Jan 30 now resistance
*RES 3: NZ$1.0962 - High May 25
*RES 2: NZ$1.0906 - Low May 25 now resistance
*RES 1: NZ$1.0883 - 200-DMA
*PRICE: NZ$1.0838 @ 2130GMT
*SUP 1: NZ$1.0827 - Low June 5
*SUP 2: NZ$1.0762 - Alternating daily support/resistance
*SUP 3: NZ$1.0753 - 100-DMA
*SUP 4: NZ$1.0713 - 55-DMA
*COMMENTARY: Bulls continue to struggle with the 200-DMA with the pair failing
to gain traction on pops above. Bulls continue to look for a close above
NZ$1.0906 to confirm a break above the 200-DMA & regain the upper hand and above
NZ$1.0962 to reconfirm focus on 2018 highs. The bearish close Tuesday sees focus
back on the NZ$1.0697-1.0762 support region where 55 & 100-DMAs are noted with
below NZ$1.0697 needed to return focus to tests of 2018 lows.
     AUSSIE-YEN TECHS: 55-DMA Support Key
*RES 4: Y85.43 - 200-DMA 
*RES 3: Y84.89 - High Feb 21 
*RES 2: Y84.51 - High Mar 13 
*RES 1: Y84.18 - High June 5
*PRICE: Y83.60 @ 2130GMT
*SUP 1: Y83.34 - Low June 5
*SUP 2: Y82.94 - High June 1 now support
*SUP 3: Y82.88 - 21-DMA
*SUP 4: Y82.51 - 55-DMA
*COMMENTARY: Bulls have so far failed to gain traction above the 100-DMA
(Y83.59) with the last failure to do so resulting in a 350pt sell-off. Bears now
look for a close below the 55-DMA to end bullish hopes and shift focus back to
Y80.51-81.04. Correcting modestly O/S studies add to bullish confidence with a
close above Y84.51 to add support to the case for a test of Y85.43-45 where the
200-DMA and 55-WMA are found.
     EURO-AUSSIE TECHS: A$1.5424 Resistance Key Today
*RES 4: A$1.5618 - High May 23
*RES 3: A$1.5529 - High June 1
*RES 2: A$1.5493 - 200-DMA
*RES 1: A$1.5424 - High June 1
*PRICE: A$1.5379 @ 2130GMT
*SUP 1: A$1.5274 - Lows June 4 & 5 
*SUP 2: A$1.5256 - Low Jan 29 
*SUP 3: A$1.5152 - 2018 Low Jan 11 
*SUP 4: A$1.5079 - Low Nov 8
*COMMENTARY: Monday saw the pair head lower with bears taking comfort as they
look to gain traction below the 55-WMA (A$1.5334). A weekly close below would
add weight to the case for an initial test of 2018 lows. Below 2018 lows targets
100 & 200-WMAs (A$1.4870-1.4915). O/S daily studies remain the key concern for
bears. Bulls need a close above A$1.5424 to ease bearish pressure and initially
target a test of A$1.5529.
     US DOLLAR-INDEX TECHS: 93.291-611 Support Region Key
*RES 4: 95.167 - Monthly High Oct 27 
*RES 3: 95.025 - 2018 High May 29 
*RES 2: 94.695 - Hourly resistance May 30 
*RES 1: 94.450 - High June 1
*PRICE: 93.903 @ 2130GMT
*SUP 1: 93.626 - 21-DMA
*SUP 2: 93.611 - Low May 24
*SUP 3: 93.291 - Low May 22
*SUP 4: 92.841 - Alternating daily support/resistance
*COMMENTARY: The 93.611 support confirmed significance to start the new week
with the index bouncing from just ahead. Bulls now need a close above 94.450 to
end correction talk and initially focus on 2018 highs. The 93.291 support
remains key. Bears need a close below to confirm a break of the 21-DMA and
target a move back to 91.998-92.223 where the 200-DMA is noted. Correcting O/B
studies add weight to the bearish case and remain a concern for bulls.
     EURO-DOLLAR TECHS: 21-DMA Resistance Key Today
*RES 4: $1.1889 Alternating daily support/resistance
*RES 3: $1.1854 High May 16
*RES 2: $1.1751 21-DMA
*RES 1: $1.1750 High May 24
*PRICE: $1.1716 @ 2130GMT
*SUP 1: $1.1616 Low June 1 
*SUP 2: $1.1594 Hourly support May 30 
*SUP 3: $1.1549 Hourly resistance May 30 now support 
*SUP 4: $1.1506 2018 Low May 29
*COMMENTARY: Hesitation ahead of the 21-DMA is less than ideal for bulls. In
saying that, bulls still need a close above the 21-DMA to gain breathing room
and above $1.1889 to shift immediate focus back to $1.2010-53 where the 55 &
200-DMAs are situated. While the 21-DMA caps bears focus on the key
$1.1311-1.1489 support region with a close below $1.1616 still needed to add
weight to their case.
     DOLLAR-YEN TECHS: Y110.72 Resistance Key This Week
*RES 4: Y111.39 High May 21 
*RES 3: Y111.18 High May 22 
*RES 2: Y110.72 Hourly support May 22 now resistance 
*RES 1: Y110.20 200-DMA
*PRICE: Y109.78 @ 2130GMT
*SUP 1: Y109.36 Low June 4 
*SUP 2: Y109.01 Hourly support June 1 
*SUP 3: Y108.70 Low June 1 
*SUP 4: Y108.11 100-DMA
*COMMENTARY: The recovery from the dip into the Y107.85-108.35 region where 55 &
100-DMAs and the 21-WMA (Y108.09) are situated has seen pressure return to the
200-DMA. Bulls continue to look for a close above Y110.72 to confirm traction
above the 200-DMA and return immediate focus to Y111.39-98. Daily studies
correcting from modestly O/S levels adds support to the bullish case. Bears now
need a close below Y109.01 to gain breathing room.
     EURO-YEN TECHS: Bulls Need Close Above Y129.51
*RES 4: Y130.22 Low May 18 now resistance
*RES 3: Y129.51 Low May 16 now resistance
*RES 2: Y129.05 200-WMA
*RES 1: Y129.03 21-DMA
*PRICE: Y128.61 @ 2130GMT
*SUP 1: Y128.18 Hourly resistance June 5 now support 
*SUP 2: Y127.77 Low June 5 
*SUP 3: Y127.56 Low June 4 
*SUP 4: Y127.10 Low June 1
*COMMENTARY: Bulls take comfort in gains as daily studies look to correct from
very O/S levels adding support to the case for a correction back to Y129.03
-129.51 where the 21-DMA & 200-WMA are noted. The Y127.10 support remains key
this week. Bears need a close below Y127.10 to return initial focus to 2018
lows. Overall bears need a close below the 100-WMA (Y125.33) to confirm bearish
momentum and target the bull channel base (Y122.51).
     SPOT GOLD TECHS: 21-DMA Caps, Bears Need Close Below 100-WMA
*RES 4: $1318.7 - 55-DMA 
*RES 3: $1310.5 - Low May 10 now resistance 
*RES 2: $1307.4 - 200-DMA 
*RES 1: $1299.9 - 21-DMA
*PRICE: $1296.1 @ 2130GMT
*SUP 1: $1287.4 - Low May 22 
*SUP 2: $1281.8 - 2018 Low May 21 
*SUP 3: $1280.4 - Bollinger band base 
*SUP 4: $1276.3 - 100-WMA
*COMMENTARY: The 21-DMA is now capping attempts to rally with the 200-DMA just
above. Bulls need a close above $1310.5 to confirm breaks of 21 & 200-DMAs and
shift initial focus to $1318.8-1326.6 where 55 & 100-DMAs & the 21-WMA are
noted. Bears continue to look for a close below the 100-WMA ($1276.3) to target
$1233.4-1234.3 where the 200-WMA and LT TL off late Dec 2015 lows are found.
     NYMEX WTI TECHS: (N18) Bulls Need Close Above $67.34
*RES 4: $68.67 - High May 30 
*RES 3: $68.17 - Hourly resistance May 31 
*RES 2: $67.34 - High June 1 
*RES 1: $66.04 - Hourly resistance June 1
*PRICE: $65.53 @ 2130GMT
*SUP 1: $63.87 - High Apr 5 
*SUP 2: $61.73 - Monthly Low Apr 6 
*SUP 3: $59.45 - 200-DMA 
*SUP 4: $59.23 - Monthly Low Mar 1
*COMMENTARY: Losses to start the new week see the contract flirting with the
100-DMA ($64.73). Bears now look for a close below $63.87 to shift initial focus
to $61.73 and overall focus to $56.93-59.44 where the 200-DMA and Feb lows are
noted. Layers of resistance are weighing despite daily studies at O/S levels.
Bulls now need a close above $67.34 to confirm a break of the 55-DMA ($67.26)
and gain breathing room and above $68.67 to shift focus higher.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]