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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.
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Free AccessMNI US OPEN - RBA Holds, Communication Turns Slightly Dovish
MNI China Daily Summary: Tuesday, December 10
(Z3) Multi-Month Lows
- 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: 95.780 @ 16:15 BST Oct 23
- SUP 1: 95.700 - Low Oct 19
- SUP 2: 95.541 - 2.618 proj of the Mar 21 - May 2 - May 5 price swing
- SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing
Aussie 3yr futures steadied through Monday trade, with the run lower in global bond prices working its way into prices. The contract has now solidified the break below support at 95.970, the Jul 26 low (cont) and the base of a recent range. Clearance of this level strengthens a bearish theme and highlights potential for a move towards 95.541, 2.618 proj of the Mar 21 - May 2 - May 5 price swing. 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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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.