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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Extends Lower With Bears In Charge

BUND TECHS
BUND TECHS: (U9) 172.91 still the key bull trigger
*RES 4: 173.75 Wave equality of May 3 - May 15 rally off Jun 11 low
*RES 3: 173.00 Round number resistance
*RES 2: 173.12 1.618 Fibonacci projection of 166.95-169.75 from 168.59
*RES 1: 172.91 U9 contract high Jun 26
*PRICE: 172.63 @ 03:01 GMT July 1
*SUP 1: 171.92 Low Jun 27 and key short-term support
*SUP 2: 171.51 Low Jun 18
*SUP 3: 171.42 Low Jun 17
*SUP 4: 170.84 Trendline support from Apr 17
U9 Bund continues to trade within its recently established range. The underlying
trend though remains bullish with the focus on the Jun 25 high of 172.91. A
clear move beyond 172.91 would confirm a resumption of the uptrend opening
173.00 & beyond. Bearish divergence between price and momentum has developed and
is being monitored closely. This will threaten the bull trend if 171.92 support
is breached. A break would exposes trendline support at 171.03.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com