CGB: May Continue Higher
Jason Sen | Apr 02, 2014 03:40AM ET
Ten-Year Government of Canada Bond held Monday's range after a directionless March. 200 day moving average and 38.2% Fibonacci resistance at 129.91/96 should be a tough challenge, but above 130.05 can target 130.21/24. We should struggle here with a high for the day possible, but if we continue higher look for resistance at last week's high of 130.41/46.
Immediate support is 129.71/70 then Monday's low and the 100 day moving average at 129.56/52. A break lower today however targets 3 week lows and 50% Fibonacci at 129.35/25.
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