Free Trial

(Z2) Trading Closer To Its Recent Highs

AUSSIE 10-YEAR TECHS
  • RES 3: 97.185 - High Apr 5
  • RES 2: 96.594/97.040 - High 200-dma / Aug 03
  • RES 1: 96.520 - High Nov 25
  • PRICE: 96.440 @ 20:29 GMT Nov 28
  • SUP 1: 95.675 - Low Oct 21
  • SUP 2: 95.670 - Low Jun 17
  • SUP 3: 95.590 - Low Dec 2013 and a key medium-term support

Key short-term resistance in Aussie 10yr futures at 96.355, Oct 6 high, has recently been breached. This strengthens a short-term bullish position. Furthermore, recent gains also highlight a positive price sequence of higher highs and higher lows. signalling scope for an extension higher. The focus is on 96.594, the 200-day EMA. Key support is at 95.670, the Jun 17 low on the continuation contract.

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.