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AUSSIE 10-YEAR TECHS: (U4) Trend Structure Remains Bullish

AUSSIE 10-YEAR TECHS
  • RES 4: 115-30+ 2.764 proj of the Apr 25 - May 16 - 29 price swing 
  • RES 3: 115-17   2.618 proj of the Apr 25 - May 16 - 29 price swing
  • RES 2: 115-03+ High Aug 5 and the bull trigger 
  • RES 1: 114-03/114-16 High Aug 6 / 76.4% of the Aug 5 - 8 pullback
  • PRICE:‌‌ 113-37 @ 11:04 BST Aug 26
  • SUP 1: 112-30+ 20-day EMA   
  • SUP 2: 111-29   50-day EMA values 
  • SUP 3: 111-06+ Low Jul 29    
  • SUP 4: 110-18+ Low Jul 22 

A bullish theme in Treasuries remains intact and the contract is trading above support. Note that moving average studies are in a bull-mode position and this continues to highlight bullish sentiment. The recent breach of 111-01, Jun 14 high, confirmed a resumption of the uptrend, maintaining the price sequence of higher highs and higher lows. Sights are on 115-17, a Fibonacci projection. Support to watch is 112-30+, the 20-day EMA.

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