By Jason Sen
| Jan 29, 2013 12:22PM GMT |
Ten-Year Government of Canada Bond broke the 134.17/09 support level for a retest of this month’s lows at 133.68/61 and we bottomed just below at 133.55.
If we can hold on here we face resistance at 133.94/97 but a push through here should then target 134.18 with further resistance above at 134.38.
133.61/55 is clearly our support level for today but the market is in a clear down trend so a break lower would not be a surprise and could test 133.19/13 this week. If this does not offer good support we look for 132.81/76 as the next downside target.
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