US 10-Yr at resistance turned support
The above chart shows daily price action. The US10-Yr is at a resistance turned support (green shaded horizontal). The RSI (9) is below 50 (red ellipse) and the yield is at 3.11%. The MACD histogram is negative. If the support level holds and the MACD starts ticking up we should see the yield starting to move up. However, the RSI(9) needs to cross above 50 for an underlying bullish momentum to manifest.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.