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AUSSIE 10-YEAR TECHS: (Z4) Bullish Outlook

AUSSIE 10-YEAR TECHS
Fixed Income Technical AnalysisAPACAustraliaBulletGlobalFixed Income BulletsRegionMarkets
  • 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: 96.065 @ 16:01 BST Oct 01
  • SUP 1: 95.850 - Low Aug 8  
  • SUP 2: 95.525 - Low Jul 2
  • SUP 3: 95.430 - Low Apr 26 (cont)

The trend direction in Aussie 10yr futures remains up despite the latest pullback. MA studies are in a bullish set-up. The contract has recently pierced resistance at 96.180, the Aug 6 high (cont). A clear break of this level would confirm a resumption of the uptrend and pave the way for an extension towards 96.207, a Fibonacci retracement. The bear trigger has been defined at 95.525, Jul 2 low. Initial firm support is 95.850, Aug 8 low.  

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  • 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: 96.065 @ 16:01 BST Oct 01
  • SUP 1: 95.850 - Low Aug 8  
  • SUP 2: 95.525 - Low Jul 2
  • SUP 3: 95.430 - Low Apr 26 (cont)

The trend direction in Aussie 10yr futures remains up despite the latest pullback. MA studies are in a bullish set-up. The contract has recently pierced resistance at 96.180, the Aug 6 high (cont). A clear break of this level would confirm a resumption of the uptrend and pave the way for an extension towards 96.207, a Fibonacci retracement. The bear trigger has been defined at 95.525, Jul 2 low. Initial firm support is 95.850, Aug 8 low.