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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

KIWI
KIWI: NZD continues to outperform in front of tomorrow's key GDP release. NZDUSD
last trades at 0.7340, we punched through these levels in EU hours on Tuesday
despite talk of macro sellers, with the NZD rallying on the back of strong
demand at yesterday's bond syndication. AUDNZD last trades ~1.0710.
- NZDUSD bulls take comfort in an aggressive break of the 21-DMA (0.7299)
although topside follow through is lacking. The recent run of higher daily lows
adds to bullish confidence & sees focus on 0.7436 '18 highs. Initial support is
noted at 0.7307 but bears need a close below 0.7285 to ease renewed bullish
pressure & below 0.7243 to shift initial focus back to the 200-DMA (0.7181). 
- AUDNZD bears regained control with the rally capped ahead of the Bollinger top
and the close below the 21-DMA (1.0733) leaving the pair looking offered. Bears
need a close below 1.0700 to return focus to 1.0588-1.0650 where 2018 lows and
the bear channel base are situated. Bulls now look for a close above 1.0760 to
gain breathing room. Bulls now need a close above 1.0894 to hint at a move to
1.1006-73 where 2018 highs are noted.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com