FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z0) Upside Case Intact

AUSSIE 3-YEAR TECHS
  • RES 3: 99.820 - Alltime High Sep 23
  • RES 2: 99.819 - 3.0% Upper Bollinger Band
  • RES 1: 99.790 - High Sep 24
  • PRICE: 99.785 @ 15:56 BST Sep 24
  • SUP 1: 99.675 - Low Sep 7 and key support
  • SUP 2: 99.665 - Low Sep 2
  • SUP 3: 99.660 - Low Aug 28 and 31 and low Sep 1

A dovish RBA outlook from some influential sell-side analysts helped Aussie bond prices surge this week. This resulted in an impulsive rally up to 99.820 before prices faded. While there were few fresh technical signals behind the move, persistent RBA accommodation should keep prices supported going forward. First resistance lies at 99.790 and 99.795 above. Weakness below 99.675 is required to dampen the current bullish sentiment.

BulletMarketsFixed Income BulletsFixed Income Technical Analysis

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.