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Free Access(Z17) Focus Shifts To Key......>
AUSSIE 10-YEAR TECHS: (Z17) Focus Shifts To Key DMAs
*RES 4: 97.6100 - High June 27
*RES 3: 97.5228 - Bollinger band top
*RES 2: 97.5200 - Low June 20 now resistance
*RES 1: 97.4550 - High Dec 5
*PRICE: 97.3850 @ 2030GMT
*SUP 1: 97.3400 - 200-DMA
*SUP 2: 97.3088 - 100-DMA
*SUP 3: 97.2890 - 55-DMA
*SUP 4: 97.2550 - Alternating daily support/resistance
*COMMENTARY: Pressure on the 21-DMA (97.4271) took its toll with a close below
97.3950 seeing focus shift to 97.2550-3397 where 55, 100 & 200-DMAs are
situated. Daily studies remain well placed for losses although the Bollinger
base (97.3315) has potential to limit follow through. Bulls now look for a close
above 97.4550 to confirm a false break lower and return initial pressure to
97.5200.
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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.