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Free Access(U17) Bears Need Close Below...>
AUSSIE 10-YEAR TECHS: (U17) Bears Need Close Below 98.2750
*RES 4: 97.4477 - 55-DMA
*RES 3: 97.3828 - 100-DMA
*RES 2: 97.3492 - 200-DMA
*RES 1: 97.3350 - High July 13
*PRICE: 97.3050 @ 2130GMT
*SUP 1: 97.2750 - Low July 28
*SUP 2: 97.2500 - Hourly support July 26
*SUP 3: 97.2350 - Low July 26
*SUP 4: 97.2100 - Low July 20
*COMMENTARY: The contract continues to hesitate ahead of the 97.3350-3828 region
where 200 & 100-DMAs are situated. Bulls need a close above the 100-DMA to hint
at a shift higher in focus with a close above the 55-DMA to target 2017 highs.
Bears now need a close below 97.2750 to ease pressure on resistance layers and
below 97.1650 to target 2017 lows. Narrowing Bollinger bands are suggesting a
breakout in the near future.
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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.