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(U2) Cracks Bear Trigger on Recent Bond Rout

AUSSIE 3-YEAR TECHS
Fixed Income Technical AnalysisBond Market Newsmarkets-real-timeBulletMarketsFixed Income
  • RES 3: 98.350 - High Mar 3
  • RES 2: 97.975 - High Mar 16
  • RES 1: 97.530 - High Mar 31
  • PRICE: 96.160 @ 15:37 BST Jun 21
  • SUP 1: 95.920 - Low Jun 16
  • SUP 2: 95.764 - 3.0% Lower Bollinger Band
  • SUP 3: 95.564- 1.0% 10-dma envelope

Aussie bond futures extended the recent downtrend last week, taking out the near-term bear trigger at the YTD lows printed in May at 96.675 on the continuation contract. This keeps the primary trend direction pointed lower, with moving average studies adding to the pressure. Further weakness opens 95.764 - the 3.0% lower Bollinger Band as well as 95.564, the lower band of a moving average envelope. Key short-term resistance remains 97.530, the Mar 31 high.

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  • RES 3: 98.350 - High Mar 3
  • RES 2: 97.975 - High Mar 16
  • RES 1: 97.530 - High Mar 31
  • PRICE: 96.160 @ 15:37 BST Jun 21
  • SUP 1: 95.920 - Low Jun 16
  • SUP 2: 95.764 - 3.0% Lower Bollinger Band
  • SUP 3: 95.564- 1.0% 10-dma envelope

Aussie bond futures extended the recent downtrend last week, taking out the near-term bear trigger at the YTD lows printed in May at 96.675 on the continuation contract. This keeps the primary trend direction pointed lower, with moving average studies adding to the pressure. Further weakness opens 95.764 - the 3.0% lower Bollinger Band as well as 95.564, the lower band of a moving average envelope. Key short-term resistance remains 97.530, the Mar 31 high.