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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

FOREX
FOREX: The AUD trades flat against the USD at 0.7756, while it has lost ground
against the NZD & JPY. 
- In AUDUSD bulls now look for a close above $0.7819 to confirm breaks of 100 &
200-DMAs to ease bearish pressure and above $0.7910 to initially target $0.7989.
Bears now look for a close below $0.7694 to add weight to their case.
- AUDNZD has reportedly been pressured by fund selling in an attempt to trigger
a barrier option at 1.0650 (1.0665 last).
- Next week's tier 1 risk events for the AUD include the RBA decision, a speech
from RBA Gov. Lowe & Australian Q4 GDP data.
- NZD has garnered support from the aforementioned AUDNZD flow, with the NZDUSD
now printing 20 pips or so higher at 0.7270. Technicals point to a potential
bullish key day reversal for the NZDUSD after the bounce from ahead of the
200-DMA. Bulls continue to look for a close above $0.7272 and above $0.7385 to
target $0.7438-0.7558. Bears still need a close below the 200-DMA to hint at a
move back to $0.6952 and then $0.6779 2017 lows. The Bollinger base is noted at
$0.7181 and is the key concern for bears.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com