Free Trial

(Z2) Bullish Extension

AUSSIE 10-YEAR TECHS
  • RES 3: 97.185 - High Apr 5
  • RES 2: 97.040 - Aug 03
  • RES 1: 96.760 - High Aug 16
  • PRICE: 96.672 @ 14:43 GMT Dec 9
  • SUP 1: 95.930/675 - Low Nov 8 / Low Oct 21
  • SUP 2: 95.670 - Low Jun 17
  • SUP 3: 95.590 - Low Dec 2013 and a key medium-term support

Aussie 10yr futures continue to climb. A key short-term resistance at 96.355, Oct 6 high, has been breached. This strengthens a short-term bullish position and the latest follow through reinforces this theme. Recent gains also highlight a positive price sequence of higher highs and higher lows, signalling scope for an extension. The 200-day EMA has been cleared, opening 96.760, Aug 16 high. Key support is 95.670, Jun 17 low (cont).

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.