Free Trial

(Z1) Shallow Bounce

AUSSIE 10-YEAR TECHS
  • RES 3: 98.880 - High Aug 31 2021
  • RES 2: 98.755 - High Sep 23
  • RES 1: 98.390 - High Oct 15 and a key S/T resistance
  • PRICE: 98.155 @ 16:11 GMT Nov 17
  • SUP 1: 97.855 - Low Oct 29
  • SUP 2: 97.625 - 76.4% 2018-20 Range
  • SUP 3: 97.485 - Low Mar 19, 2020

Strength across Aussie 10y futures faded alongside global bond markets on Wednesday last week, with markets holding losses across the Thursday session. This works against recent strength following the probe of resistance at 98.235, Oct 28 high. A clear break of this hurdle would signal potential for a climb towards 98.390, the Oct 15 high. The broader trend outlook remains bearish however and any resumption of weakness would refocus attention on the bear trigger at 97.855, Oct 29 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.