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Free Access(Z18) New Cycle Highs *RES.....>
AUSSIE 10-YEAR TECHS: (Z18) New Cycle Highs
*RES 4: 97.6750 - High June 15, 2017
*RES 3: 97.6417 - Up Trendline
*RES 2: 97.6200 - High April 8, 2017
*RES 1: 97.5950 - 50% 98.2000-96.9875
*PRICE: 97.5750 @ 16:27 GMT, Dec 6
*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
Aussie 10yr futures extended the recent rally Thursday, adding to its recent
winning streak in which bonds have risen 18 of the past 21 sessions. A rally
through the 97.62 level here would open up trendline resistance at 97.6417,
confirming a bullish breakout and targeting the high watermark up to 97.6750.
For bears to regain the upper hand, a close below the 97.3630 would renew
downside pressure and open the door to a leg lower to 97.1450 and YTD lows.
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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.