Free Trial

(U17) 97.3150 Support Key......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U17) 97.3150 Support Key Today 
*RES 4: 97.4995 - 55-WMA
*RES 3: 97.4366 - 55-DMA
*RES 2: 97.3969 - 100-DMA
*RES 1: 97.3550 - Alternating hourly support/resistance
*PRICE: 97.3500 @ 2130GMT
*SUP 1: 97.3150 - Hourly support Aug 3
*SUP 2: 97.2500 - Low July 27
*SUP 3: 97.2318 - Bollinger band base
*SUP 4: 97.2100 - Monthly Low July 20
*COMMENTARY: Bulls are struggling to gain traction above the 200-DMA (97.3391)
with the contract remaining capped around the 100-DMA. The 97.3150 support
remains key with bears needing a close below to end bullish hopes and shift
focus back to 97.1650-2100. Daily studies looking to correct from modestly O/B
levels adds weight to the bearish case. Bulls need a close above the 55-DMA to
reconfirm a bullish bias and above 97.5200 to target 2017 highs.

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.