Free Trial

(Z0) Approaching Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 99.148 - 2.0% Upper Bollinger Band
  • RES 2: 99.125 - 1.000 proj of Aug 28 - Sep 4 rally from Sep 9 low
  • RES 1: 99.095 - High Sep 14 and the bull trigger
  • PRICE: 99.078 @ 16:34 BST Sep 14
  • SUP 1: 98.970 - Low Sep 8 and the key near-term support
  • SUP 2: 98.935 - Low Sep 1
  • SUP 3: 98.990 - Low Aug 28

Despite dipping sharply lower on Sep 7, the contract has since recovered though and is looking to regain the territory it lost. A continued push higher at the start of this week resulted in a print up at 99.095. This opens 99.125, a Fibonacci projection level. Key near-term support is at 98.970, Sep 8 low.

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.