Technical Forecast for CGB (Ten-Year Government of Canada Bond)
Ten-Year Government of Canada Bond collapsed to hit the lower target of 130.44/34. Today’s outlook remains negative so watch for a test of 130.15/05 lows. This level has held 3 times now but a break lower cannot be ruled out and could target 129.50/40 next week.
Resistance at 130.94/00 could hold any rally but above here we may reach 131.21/29.
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