Following another strong US CPI report, the 10-year Treasury yield surged above 2%, further pushing above peaks from late 2019 (1.9073 - 1.9718).
That has exposed peaks from summer 2019 as key resistance (2.1779 - 2.1431).
A bullish Golden Cross remains in play between the 20- and 50-day Simple Moving Averages.
Keep a close eye on RSI, negative divergence shows fading upside momentum. A turn lower may see the SMAs act as support, maintaining the dominant upside focus.
US10Y
That has exposed peaks from summer 2019 as key resistance (2.1779 - 2.1431).
A bullish Golden Cross remains in play between the 20- and 50-day Simple Moving Averages.
Keep a close eye on RSI, negative divergence shows fading upside momentum. A turn lower may see the SMAs act as support, maintaining the dominant upside focus.
US10Y
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.