Free Trial

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

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z17) 97.2300 Resistance Remains Key 
*RES 4: 97.3166 - 200-DMA
*RES 3: 97.2757 - 55-DMA
*RES 2: 97.2304 - Bollinger band top
*RES 1: 97.2300 - Low July 26 now resistance
*PRICE: 97.2200 @ 2030GMT
*SUP 1: 97.1850 - Low Oct 17
*SUP 2: 97.1650 - Low Oct 13
*SUP 3: 97.1638 - 21-DMA
*SUP 4: 97.1450 - Hourly support Oct 12
*COMMENTARY: Pressure remains on key resistance levels with bulls needing a
close above 97.2300 to ease bearish pressure and to shift focus back to
97.2757-3166 where key DMAs are situated. Initial support is noted at 97.1850
with bears needing a close below 97.1450 to shift focus back to 97.0600-0900.
Bears need a close below 97.0600 to confirm focus on 96.9650-9706 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.