Free Trial

(Z18) Grind Higher Extended....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Grind Higher Extended
*RES 4: 97.6200 - High April 8, 17 (Continuation chart)
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.3150 @ 16:26 GMT, Nov 15
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
*SUP 4: 96.8950 - 50% 95.5900-98.2000
Thursday extended the gradual grind higher that began Wednesday, with bulls
still targeting the late October highs at 97.44. A break above here would
confirm a bullish breakout and shift the target up to 97.5950. For bears to
regain the upper hand, a close below the Nov9 lows at 91.19 would renew downside
pressure and open the door to further declines down to 97.1450 and YTD lows.

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.