Free Trial

(U1) Trend Conditions Remain Bullish

AUSSIE 10-YEAR TECHS
  • RES 3: 99.290 - High Oct 16, 2020 and key resistance
  • RES 2: 99.165 - High Nov 20, 2020
  • RES 1: 98.996 - 76.4% retracement of the Oct '20 - Feb sell-off
  • PRICE: 98.772 @ 15:32 BST Sep 13
  • SUP 1: 98.710 - Low Sep 07 and key support
  • SUP 2: 98.495 - Low Jul 6
  • SUP 3: 98.320 - Low Jun 17

Aussie 10y futures remain bullish although the contract remains in a short-term corrective cycle. Price recently cleared 98.910, Aug 5 high to confirm a resumption of the uptrend. This maintains the bullish price structure of higher highs and higher lows and note that moving average conditions are in a bull mode. The focus is on 99.165, Nov 20, 2020 high. Initial firm support has been defined at 98.710, Sep 07 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.