Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U0) Plays the Range

AUSSIE 3-YEAR TECHS
  • RES 3: 99.780 - High Apr 01 and bull trigger
  • RES 2: 99.750 - High May 21 and 22
  • RES 1: 99.730 - Congestion highs between Jun 15 - 22
  • PRICE: 99.695 @ 16:00 BST Aug 18
  • SUP 1: 99.680 - Low Jun 14 / Jul 22 / Aug 14
  • SUP 2: 99.667 - 23.6% retracement of the March - April Rally
  • SUP 3: 99.597 - 38.2% retracement of the Mar - Apr rally

Having traded lower in recent weeks, 3yr futures got a decent boost on the recent RBA announcement that they would resume bond purchases to further control the front-end of the yield curve. This boosted prices back to 99.725, dispelling any fade in prices and underpinning markets above 9.680. The key hurdle for bulls remains the 99.730 congestion, highs between Jun 15 - 22. A break would instead open 99.780, Apr 1 high further out.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.