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NZD

Kiwi Slightly Lower, Local Markets Shut

JGB TECHS

(Z1) Edging Lower

AUSSIE BONDS

RBA Guidance And Market Pricing Further Diverge

US TSYS

TYZ1 Holds Most Of Friday's Gains

(Z0) Sharp Reversal

GILT TECHS
  • RES 4: 136.53 61.8% retracement of the Aug 4 - 28 decline
  • RES 3: 136.43 Aug 24 high
  • RES 2: 136.20 50-day EMA
  • RES 1: 136.02 High Sep 2
  • PRICE: 135.90 @ Close Sep 2
  • SUP 1: 135.32 Low Sep 2
  • SUP 2: 134.32 Low Aug 28
  • SUP 3: 134.11 1.000 proj of the Aug 4 - 13 sell-off from Aug 24 high
  • SUP 4: 134.00 Round number support

A sharp rally in Gilts this week has seen an equally sharp downtrend reverse direction. Yesterday saw price trade through trendline resistance at 135.86, drawn off the Aug 4 high confirming for now, a shift in market sentiment. Follow through would pave the way for gains to 136.20, the 50-day EMA and 136.43, Aug 24 high. Yesterday's low of 135.32 marks the initial support. Key support has been defined at 134.32, Aug 28 low.

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