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AUSSIE 10-YEAR TECHS: Copy - (U4) Bullish Theme Falters

AUSSIE 10-YEAR TECHS
  • RES 3: 96.975 - High Mar 14 
  • RES 2: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • PRICE: 96.025 @ 16:06 BST Aug 30
  • SUP 1: 95.525 - Low Jul 2  
  • SUP 2: 95.430 - Low Apr 26 
  • SUP 3: 95.275 - Low Nov 14

Aussie 10yr futures fade further as the contract heads toward expiry,  with the 96.000 handle now under pressure to the downside. For bulls to regain the upper hand, sights are on 96.207, a Fibonacci projection. The bear trigger has been defined at 95.525, the Jul 2 low. 

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