After creating a new low at the 129.92 area yesterday we are currently trying to retest that level again. With the current market sentiment looking towards risk off, its highly likely that this will be the bottom of bond market for today as we try to hold these levels to rotate back up. Watch out for resistance at the fib levels to the upside at 124.25, 125 handle or 125.30.
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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.