Free Trial

(U9) Another day, another.......>

AUSSIE 3-YEAR TECHS: (U9) Another day, another high
*RES 3: 99.343 - 1st Pivot Resistance (98.520-99.155)
*RES 2: 99.233 - 3% Upper Bollinger Band
*RES 1: 99.155 - All Time High/2% Bollinger Band
*PRICE: 99.125 @ 15:44 BST Jun 21
*SUP 1: 99.005 - 23.6% Fib Retracement (98.520 - 99.155)
*SUP 2: 98.840 - 50-dma
*SUP 3: 98.654 - 100-dma
Aussie bond futures crept higher still Friday, resulting in a 99.155 print
before prices consolidated throughout European and US hours. Further rallies eye
99.155 as the initial target, while those seeing the rally as overstretched aim
for support at 99.005. Next levels to the upside remain the 1st pivot resistance
at 99.243. To shift the outlook negative, a retracement below the 98.898 mark is
needed, with further support located at the 100-dma at 98.645.

To read the full story



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.