Free Trial

(U9) RBA could mark a top......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) RBA could mark a top
*RES 3: 99.5833 - 1st Pivot Resistance (97.1900 - 98.9950)
*RES 2: 99.0987 - 3.0% Upper Bollinger Band
*RES 1: 98.9950 - All Time Highs
*PRICE: 98.9750 @ 15:22 GMT, Aug 5
*SUP 1: 98.6578 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr bonds hit another all time high Monday, shrugging off the RSI, which
continues to flash overbought. Psychological resistance at the 99.00 handle is
next up, before vol band resistance at 99.0987. The RSI is holding close to the
year's best levels, signalling a pullback could be overdue. Should the
sell-on-rallies theme re-emerge, bears would like to see a drop through the
(previously strong support) at the 50-dma before gathering any momentum to press
back to July lows of 98.5250.

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.