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AUSSIE BONDS

Catch Up

AUSSIE BONDS

Nothing New From Lowe

ASIA

Coming up in the Asia-Pac session on Friday:

MNI

Coming up in the Asia-Pac session on Friday:

USDCAD TECHS

Bear Leg Extends

(Z0) Stalling Ahead Of Key Resistance

US 10YR FUTURE TECHS
  • RES 4: 139-26+ High Aug 11
  • RES 3: 139-19+ High Aug 21 and 24 and key resistance
  • RES 2: 139-16 High Aug 27
  • RES 1: 139-14+ High Sep 1
  • PRICE: 139-10 @ 11:31 BST Sep 2
  • SUP 1: 138-18+ Low Aug 28 and the bear trigger
  • SUP 2: 138-13 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 3: 138-01 1.00 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 138-00 Round number support

Treasuries traded higher yesterday but have found resistance. Futures are still seen likely to remain vulnerable near-term following last week's sell-off and despite the recent strong bounce. A bearish theme has been reinforced by the recent breach of 138-24+, Aug 13 / 14 lows. The break confirms a resumption of the downtrend that has been in place since early August and has opened 138-13, a Fibonacci projection. Key resistance is at 139-19+.

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