Free Trial

(U9) Bulls remain contained....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Bulls remain contained
*RES 3: 99.7833 - 1st Pivot Resistance (97.1900 - 99.1700)
*RES 2: 99.1949 - 3.0% Upper Bollinger Band
*RES 1: 99.1700 - All Time Highs
*PRICE: 99.0850 @ 16:02 GMT, Aug 28
*SUP 1: 98.8398 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
For another session, Aussie 10yr futures traded sideways into the close, doing
little to shift the medium-term technical outlook. 99.14 (last week's high)
remains the near-term target and first hurdle for bulls. A break north of here
would open the all time best levels at 99.17, but upside momentum will need to
pick up before this can be taken seriously. Nearby support remains at the 50-dma
at 98.8320. Any fall below here will open the July lows at 98.5250 and the
100-dma at 98.5993.

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.