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AUSSIE 10-YEAR TECHS

(H1) Fragile Outlook

US TSYS SUMMARY

Curve Lower, Flatter as Yields Reverse Off Cycle Highs

US TSY/RECAP

Yield Curve Update

STIR FUTURES

Eurodollars Futures Snapshot

USDCAD TECHS

Consolidating

AUDUSD TECHS

Probes Key Support

(Z0) Bearish Price Sequence Confirmed

US 30YR FUTURE TECHS
  • RES 4: 177-19 50-day EMA
  • RES 3: 177-14 High Aug 27
  • RES 2: 177-03 Bear channel top drawn off the Aug 6 high
  • RES 1: 175-08 High Aug 28
  • PRICE: 174-10 @ 11:46 BST, Aug 31
  • SUP 1: 173-16 Low Aug 28
  • SUP 2: 172-24 1.000 proj of Aug 6 - 13 sell-off from Aug 24 high
  • SUP 3: 172-00 Round number support
  • SUP 4: 171-13 1.236 proj of Aug 6 - 13 sell-off from Aug 24 high

30yr futures remain bearish. The contract stalled at 178-13 on Aug 24 and bearish pressure has dominated since. Last week's sell-off also resulted in a breach of 175-28, Aug 13 low confirming a bear trend and a bearish price sequence of lower lows and lower highs. The focus is on 172-24, bear channel base drawn off the Aug 6 high and a Fibonacci projection. On the upside, channel resistance is at 177-03.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com