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Free AccessMNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
(Z17) 117-047/117-072 Break.....>
US 5YR FUTURE TECHS: (Z17) 117-047/117-072 Break Needed To Provide Some Respite
*RES 4: 117-162 Initial low Oct 16, now resistance
*RES 3: 117-137 Oct 19 high
*RES 2: 117-072 Oct 24 high
*RES 1: 117-037/047 Oct 6 low, hourly resistance
*PRICE: 116-312 @1716GMT
*SUP 1: 116-265 Oct 25 low
*SUP 2: 116-175 Dec 15 low
*SUP 3: 116-155 Mar 10 low
*SUP 4: 116-027 1% volatility band
*COMMENTARY* Continued pressure has seen both the 76.4% Fibo retrace level at
117-020 and the Mar 17 low at 116-295 give way. A low of 116-265 on Wednesday,
before some near term oversold conditions allowed a bounce. This has resulted in
a small 'Doji' candle close on the daily chart, which may provide some near term
respite, especially on a break back above 117-047/117-072. Otherwise a loss of
116-265 will negate this opportunity and resume downside focus.
To read the full story
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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.