Free Trial

(Z18) Remains Tilted In........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Remains Tilted In Favour of Bears
*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: 97.2750 @ 16:39 GMT, Nov 5
*SUP 1: 97.1950 - Oct 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
Last week was a particularly poor one for 10y futures, breaking down all recent
bullish momentum since Monday. This opens the door to further declines down to
early October lows of 97.1950 and mid June lows below that. The upside target
remains at key Fib retracement at 97.5950 and the 97.62 highs printed back in
April last year. Confirmation of a close below the 97.2855 200-dma will shift
near- and medium-term momentum lower.

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.