As seen from the chart the bond is facing resistance around the downward sloping trend-line since 1988.
At present, the bond is trading near to trend-line supply zone around the levels of 1.90 to 2.00
Around 1.80 levels lies the 50% Fibonacci levels of entire downward movement from 3.25 to 0.36.
For educational purpose
@jagrut
At present, the bond is trading near to trend-line supply zone around the levels of 1.90 to 2.00
Around 1.80 levels lies the 50% Fibonacci levels of entire downward movement from 3.25 to 0.36.
For educational purpose
@jagrut