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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z17) Resistance Layers........>
AUSSIE 10-YEAR TECHS: (Z17) Resistance Layers Building
*RES 4: 97.2900 - Hourly resistance Sept 14
*RES 3: 97.2325 - Hourly resistance Sept 15
*RES 2: 97.2100 - Monthly Low July 20 now resistance
*RES 1: 97.1850 - Hourly resistance Sept 18
*PRICE: 97.1550 @ 2130GMT
*SUP 1: 97.0600 - High Mar 10 now support
*SUP 2: 96.9875 - 2017 Low Mar 10
*SUP 3: 96.8850 - Low July 14 2015
*SUP 4: 96.7950 - 2015 Low July 3 2015
*COMMENTARY: The contract remains a little heavy having broken the 97.1650
support and immediate focus now on the 97.0600 support. The Bollinger base
(97.1977) is the key concern for bears with potential to limit follow through.
Layers of resistance are building and weighing with bulls continuing to look for
a close above 97.2325 to ease immediate bearish pressure and hint at a bounce
back to 97.3185-4500 where key DMAs are noted.
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Why MNI
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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.