Free Trial

(U18) Below 100-DMA To.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Below 100-DMA To Target LT Rising TL 
*RES 4: 97.4400 - 2018 High Apr 3
*RES 3: 97.4269 - Weekly Bollinger band top
*RES 2: 97.4200 - High July 2
*RES 1: 97.4000 - High July 9
*PRICE: 97.3500 @ 2130GMT
*SUP 1: 97.3166 - Daily Bull channel base off May Low
*SUP 2: 97.2900 - Low June 18
*SUP 3: 97.2726 - 200-DMA
*SUP 4: 97.2658 - 100-DMA
*COMMENTARY: Hesitation ahead of 2018 highs is a concern for bulls given daily
studies correcting from O/B, daily momentum divergence and Bollinger tops
lingering above. Bulls need a close above 97.4400 to confirm a break of the
100-WMA (97.3606) and initially target 97.5000-5200. The 100-DMA is key support
this week. Bears need a close below the 100-DMA to shift focus back to
97.1480-1725 where the LT rising TL off 2008 lows is located.

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.