Free Trial

AUSSIE 10-YEAR TECHS: (U4) Edges Further Off Lows

AUSSIE 10-YEAR TECHS
  • RES 3: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg  
  • RES 2: 96.110 - High Dec 28 and the bull trigger 
  • RES 1: 95.923 - High Jun 14 
  • PRICE: 95.900 @ 16:33 BST Jul 31
  • SUP 1: 95.235 - 76.4% retracement of the Nov - Dec ‘23 rally 
  • SUP 2: 94.965 - Low Oct 31 ‘23 
  • SUP 3: 94.866 - 2.618 proj of the Dec 28 - Jan 19 - Feb 2 price swing

Aussie 10yr futures maintain a bullish short-term tone and the contract is holding on to its latest gains. The move higher mid-July, topping out at 95.805, signals scope for a climb towards 95.923, the next resistance on the continuation contract. On the downside, the bear trigger has been defined at 95.525, the Jul 2 low. Clearance of it would signal scope for a move towards 95.235, a Fibonacci retracement point.

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.