Free Trial

(Z17) 97.2300 Resistance.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z17) 97.2300 Resistance Remains Key 
*RES 4: 97.2300 - Low July 26 now resistance
*RES 3: 97.2100 - Monthly Low July 20 now resistance
*RES 2: 97.1839 - 21-DMA
*RES 1: 97.1750 - Hourly resistance Oct 6
*PRICE: 97.1600 @ 2000GMT
*SUP 1: 97.1100 - Low Oct 6
*SUP 2: 97.0900 - Low Oct 2
*SUP 3: 97.0750 - Low Sept 21
*SUP 4: 97.0600 - High Mar 10 now support
*COMMENTARY: Bounces remain capped ahead of the 97.2100-2300 region with the
21-DMA at 97.1839. Bulls still need a close above 97.2300 to confirm a break of
the 21-DMA, an easing of bearish pressure and to shift focus back to
97.2876-3174 where key DMAs are situated. The 97.0600-0900 support region
remains key. Bears need a close below 97.0600 to confirm focus on 96.9650-9925
where the bear channel base is noted.

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.