Free Trial

(U1) Needle Points North

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.035 - High Dec 23 and key resistance
  • RES 1: 98.880 - High Jul 20
  • PRICE: 98.780 @ 16:44 BST Jul 21
  • SUP 1: 98.495 - Low Jul 6
  • SUP 2: 98.320 - Low Jun 17
  • SUP 3: 98.045 - Low Feb 26

Aussie 10y futures appear set to continue their medium-term trend higher. The contract has topped 98.730, the Jul 8 high and recent gains have improved the outlook going forward, with the probability of progress through the 2021 losses increasing over the past few weeks. The break of 98.730 confirms a resumption of the uptrend, which strengthens further the upside case. A key support has been defined at 98.320, Jun 17 low.

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

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.