Free Trial

(Z9) Looking more positive.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Looking more positive
*RES 3: 99.1803 - 2.0% Upper Bollinger Band
*RES 2: 99.1700 - All Time Highs
*RES 1: 99.0162 - 61.8% 99.1700 - 98.7675
*PRICE: 98.9850 @ 15:30 GMT, Sep 20
*SUP 1: 98.7189 - 100-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr futures improved further Friday, extending the recent recovery and
shifting the outlook far more positive. Bulls retain their first targets north
of the 99.00 handle, eyeing Fib resistance at 99.0162 before all time highs can
be considered. With the 50-dma being reclaimed, bulls will look to build a base
here, and any retracement below the mark should be considered negative. Any fall
through here opens 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.