Free Trial

Recovery Stalls, But Could Rally Further


(U2) Trend Needle Points North


(U2) Support Untested

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z18) Building A Base At.......>

AUSSIE 10-YEAR TECHS: (Z18) Building A Base At 97.1950
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4069 - Short-term uptrend beginning Aug 13
*PRICE: 97.2750 @ 16:42 GMT, Oct 15
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Prices remain anchored by the 50% retracement of the Oct3-Oct10 decline at
97.2750, preventing bulls from having another go at challenging last week's best
levels. Nonetheless, the modest recovery Monday topped out at 97.30, marking the
high watermark for bulls to target, who will have taken confidence from the
contract's ability to hold above the recent 97.195 low. It's too soon to call
for a bullish breakout, with the medium-term trend still tilted bearish, but a
fresh rally through the 50-dma at 97.3647 will see some upside momentum return.
This leaves the next key support levels at the early June lows of 97.145.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.