This is a major breakout above 3.00% resistance and a seven-year high. The 3.00% level is now major support. The reversal of roles is an important concept in technical analysis.
Reference my last post on the U.S. 10-Year Treasury
Here is the view from the longer term 6-year weekly chart
“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
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