The most recent test and rebound occurred earlier today at 4.43%, once again at the rising 200-hour MA. Currently, the yield is trading near the session highs at 4.489%, positioned above both the 100-hour MA at 4.477% and the 200-hour MA at 4.436%. As long as yields hold above both moving averages, the bias remains firmly tilted to the upside. A break below both—specifically a move under 4.436%—would shift that bias and open the door to further downside pressure.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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