Free Trial

(U2) Back Above Bear Trigger

AUSSIE 3-YEAR TECHS
  • RES 3: 98.350 - High Mar 3
  • RES 2: 97.975 - High Mar 16
  • RES 1: 97.530 - High Mar 31
  • PRICE: 96.570 @ 16:23 BST Jun 29
  • 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

Prices have faded off last week’s highs, but Aussie 3yr futures remain above the near-term bear trigger. Despite the rally, the broader trend remains 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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.