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(M2) New Trend Low

AUSSIE 10-YEAR TECHS
  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185 - High Apr 5
  • RES 1: 96.945 - High Apr 26 and key short-term resistance
  • PRICE: 96.274 @ 15:28 BST Jun 10
  • SUP 1: 96.237 - Low Jun 10
  • SUP 2: 96.142 - 3.0% Lower Bollinger Band
  • SUP 3: 96.124 - 0.5% 10-dma envelope

Aussie 10yr futures drifted further Friday, keeping the primary trend direction pointed down. MA studies continue to highlight a bearish backdrop and recent weakness has maintained a bearish price sequence of lower lows and lower highs - the definition of a downtrend. A resumption of weakness would open 96.200 - the 3.0% lower Bollinger Band as well as 96.142. Key short-term resistance remains at 96.945, the Apr 26 high.

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  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185 - High Apr 5
  • RES 1: 96.945 - High Apr 26 and key short-term resistance
  • PRICE: 96.274 @ 15:28 BST Jun 10
  • SUP 1: 96.237 - Low Jun 10
  • SUP 2: 96.142 - 3.0% Lower Bollinger Band
  • SUP 3: 96.124 - 0.5% 10-dma envelope

Aussie 10yr futures drifted further Friday, keeping the primary trend direction pointed down. MA studies continue to highlight a bearish backdrop and recent weakness has maintained a bearish price sequence of lower lows and lower highs - the definition of a downtrend. A resumption of weakness would open 96.200 - the 3.0% lower Bollinger Band as well as 96.142. Key short-term resistance remains at 96.945, the Apr 26 high.