Free Trial
USDCAD TECHS

Trend Needle Still Points North

AUDUSD TECHS

Trend Remains Down

STIR FUTURES

Near-Term Fed Hikes Resilient But 2023 Rates Slide

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z2) Clears Key Support

BUND TECHS
  • RES 4: 146.81 High Sep 5 and a key resistance
  • RES 3: 144.53 20-day EMA
  • RES 2: 143.87 High Sep 14
  • RES 1: 142.58 High Sep 20
  • PRICE: 139.92 @ 05:05 BST Sep 23
  • SUP 1: 139.83 Intraday low
  • SUP 2: 139.20 3.382 proj of the Aug 2 - 12 - 15 price swing
  • SUP 3: 138.68 Low Jan 2014
  • SUP 4: 138.16 3.6118 proj of the Aug 2 - 12 - 15 price swing

Bund futures remain in a clear downtrend and the extension lower this week has again confirmed a resumption of the bear leg that started early August. The major support at 140.67, the Jun 16 low (cont), has been cleared. The break strengthens the broader bearish outlook and confirms a resumption of the primary downtrend. With 140.00 pierced, attention turns to 139.20, a Fibonacci projection. The 20-day EMA, at 144.10 is a firm resistance.

145 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 146.81 High Sep 5 and a key resistance
  • RES 3: 144.53 20-day EMA
  • RES 2: 143.87 High Sep 14
  • RES 1: 142.58 High Sep 20
  • PRICE: 139.92 @ 05:05 BST Sep 23
  • SUP 1: 139.83 Intraday low
  • SUP 2: 139.20 3.382 proj of the Aug 2 - 12 - 15 price swing
  • SUP 3: 138.68 Low Jan 2014
  • SUP 4: 138.16 3.6118 proj of the Aug 2 - 12 - 15 price swing

Bund futures remain in a clear downtrend and the extension lower this week has again confirmed a resumption of the bear leg that started early August. The major support at 140.67, the Jun 16 low (cont), has been cleared. The break strengthens the broader bearish outlook and confirms a resumption of the primary downtrend. With 140.00 pierced, attention turns to 139.20, a Fibonacci projection. The 20-day EMA, at 144.10 is a firm resistance.