Free Trial

(U9) Still looks bullish.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Still looks bullish
*RES 3: 99.7833 - 1st Pivot Resistance (97.1900 - 99.1700)
*RES 2: 99.3648 - 3.0% Upper Bollinger Band
*RES 1: 99.1700 - All Time Highs
*PRICE: 99.1000 @ 14:29 GMT, Aug 16
*SUP 1: 98.7478 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
The short-end of the curve continues to underperform, but that hasn't stopped
Aussie 10y futures from inching to all time highs. Price action held toward the
upper end of the recent range, but markets quickly retreated as the sell rallies
theme re-emerged. Markets are still looking to nearby support, however, which
initially appears at 98.8542 ahead of the 50-dma at 98.7478. Any fall below
there will open the July lows at 98.5250 and the 100-dma at 98.5148.

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.