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Free AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
(Z18) Bulls Look For............>
AUSSIE 3-YEAR TECHS: (Z18) Bulls Look For Confirmation
*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: 97.930 @ 16:42 GMT, Oct 24
*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
Bulls remain in control after the breakout in prices earlier in the week,
finally cracking out of the tight trading range between the 100- and 200-dmas.
The close above the 97.923 level appears constructive and shifts the upside
target higher, to 97.95 and 98.11 beyond that. To reignite negative momentum a
break below 97.86 would eye trendline support at 97.753.
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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.