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Free Access(U18) Focus Back On Highs......>
AUSSIE 10-YEAR TECHS: (U18) Focus Back On Highs
*RES 4: 97.4200 - High July 2
*RES 3: 97.4000 - High July 9
*RES 2: 97.3850 - Repeated daily highs July
*RES 1: 97.3750 - Intraday High
*PRICE: 97.3700 @ 18:22 GMT
*SUP 1: 97.2400 - Low Aug 2
*SUP 2: 97.2350 - High June 11 now support
*SUP 3: 97.1725 - Low June 12
*SUP 4: 97.1687 - LT Weekly bull channel base off 2008 Low
The Australian 10-year Bond has broken higher through the key resistance at
97.3650, also confirming a break out from the former descending channel. This
proves a medium term bullish technical signal bring the 97.42 July highs back
into view. Bullish trend and momentum indicators are now also supporting the
move higher. However, holding above 97.3250 is now essential to maintain the
developing positive outlook
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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.