Free Trial

(U0) Fading *RES 3: 99.3600....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U0) Fading
*RES 3: 99.3600 - High Apr 02
*RES 2: 99.2250 - High Apr 17
*RES 1: 99.1400 High Jul 10
*PRICE: 99.1000 @ 16:11 BST, Jul 15
*SUP 1: 99.0200 - Low Jul 2 and 3
*SUP 2: 98.9725 - 50.0% retracement of the Jun 8 - 29 rally
*SUP 3: 98.9342 - 61.8% retracement of the Jun 8 - 29 rally
Aussie 10yr futures started the week poorly, but remain inside recent ranges and
are yet to test any key support levels. This keeps the focus on initial key
resistance at 99.1350, Jun 29 high where a break would open 99.2250, Apr 17
high. On the downside, initial key key support has for now been defined at
99.0200. A break of this level would expose a deeper decline towards 98.9725, a
Fibonacci retracement.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.