The US 10 year bond yield closed last night right on key technical resistance located at 1.93%. Although the US bond yield spiked above this barrier during intra-session trading, it did not sustain the break on a closing basis. A close above the 1.93% barrier if it occurs, would generate an upward reversal, and indicate the potential for a further increase to 2.11% (which is the location of the next major technical barrier).
Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...
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