Free Trial

(U9) Fed keeps bullish.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Fed keeps bullish targets in sight
*RES 3: 99.1600 - 1st Pivot Resistance (97.1900 - 98.6750)
*RES 2: 98.7365 - 3.0% Upper Bollinger Band
*RES 1: 98.6750 - All Time Highs
*PRICE: 98.6550 @ 19:26 BST, Jun 19
*SUP 1: 98.5145 - 23.6% Fib Retracement (97.9950 - 98.6750)
*SUP 2: 98.3460 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
Fed support helped keep Aussie 10yr bulls in the game Wednesday, but new all
time highs weren't forthcoming, suggesting the next leg higher could be a
stretch until value indicators retreat further from overbought conditions. First
target for bulls lies at the 3.0% upper Bollinger band resistance at 98.7268 and
1st pivot resistance at 99.16. Valuation and momentum measures remain stretched,
but they've been flashing overbought for weeks now. Any pull lower will first
challenge support at 98.5145 before the 50-dma at 98.3460.

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.