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MNI China Daily Summary: Wednesday, Nov 22

(RPT)MNI INTERVIEW:Spending Remains Too Hot For BOC-Ex Adviser

MNI BRIEF: Reduce Energy Use Over Consumption - Ex Minister

MNI: US MBA: MARKET COMPOSITE +3.0% SA THRU NOV 17 WK

US MBA: REFIS +2% SA; PURCH INDEX +4% SA THRU NOV 17 WK

MNI: UK NOV CBI INDUSTRIAL TRENDS TOTAL ORDERS -35

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

(Z3) Bounces Off Lows

AUSSIE 3-YEAR TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income News
  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.340/96.670 - High Aug 9 and Sep 4 / High Jun 2
  • PRICE: 95.650 @ 15:33 GMT Nov 01
  • SUP 1: 95.541 - 2.618 proj of the Mar 21 - May 2 - May 5 price swing
  • SUP 2: 95.480 - Low Oct 31
  • SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing

Aussie 3yr futures bounced off new pullback lows into the Wednesday close having traded lower again Tuesday. Clearance previous support, however, strengthens a bearish theme and highlights potential for a sustained move towards 95.541, 2.618 proj of the Mar 21 - May 2 - May 5 price swing - a level pierced this week. Key resistance and the top of the range is at 96.340, Aug 9 / Sep 4 high. A break would be a bullish development.

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  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.340/96.670 - High Aug 9 and Sep 4 / High Jun 2
  • PRICE: 95.650 @ 15:33 GMT Nov 01
  • SUP 1: 95.541 - 2.618 proj of the Mar 21 - May 2 - May 5 price swing
  • SUP 2: 95.480 - Low Oct 31
  • SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing

Aussie 3yr futures bounced off new pullback lows into the Wednesday close having traded lower again Tuesday. Clearance previous support, however, strengthens a bearish theme and highlights potential for a sustained move towards 95.541, 2.618 proj of the Mar 21 - May 2 - May 5 price swing - a level pierced this week. Key resistance and the top of the range is at 96.340, Aug 9 / Sep 4 high. A break would be a bullish development.