Free Trial

(Z9) Falters Further Ahead.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Falters Further Ahead of RBA
*RES 3: 99.1700 - All Time Highs
*RES 2: 99.1253 - 2.0% Upper Bollinger Band
*RES 1: 99.1100 - Sep 4 High
*PRICE: 98.9950 @ 15:21 GMT, Sep 30
*SUP 1: 98.7733 - 100-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
10yr futures remain soft, dipping back below the 99.00 handle Monday, keeping
bulls well away from re-testing the recovery and all-time highs. This keeps
recent highs at 99.11 the first target for bulls to reclaim a firmer footing,
but momentum has waned. Over the medium-term, focus still rests on the all time
highs at 99.17, with bulls looking to build a base at the 50-dma. Any
retracement below this mark should be considered negative and would open the
100-dma and the July lows at 98.5250.

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.