Free Trial

(Z18) Builds On 97.84 Base......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Builds On 97.84 Base
*RES 4: 98.190 - 50% Fib 98.700-97.675 (Continuation Chart)
*RES 3: 98.110 - High Nov 30, 17 (Continuation Chart)
*RES 2: 98.092 - 61.8% 98.350-97.675 (Continuation Chart)
*RES 1: 97.955 - 61.8% 98.050-97.800 (Continuation Chart)
*PRICE: 97.895 @ 15:03 GMT, Oct 11
*SUP 1: 97.795 - High June 11/13 now support
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
*SUP 4: 97.719 - June low
Prices recovered to touch multi-day highs up at 97.91 on the back of the US bond
rally, helping repair a short-term technical picture that had tilted lower.
Bulls look to construct a base around the 97.84 October low, bringing the 50-
and 100-dmas at 97.931 and 97.901 into contention. A close above these levels
will be needed put bulls back in control. Bears eye a fall back through the
week's worst levels, eyeing trendline support kicks in at 97.753.

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.