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AUSSIE 10-YEAR TECHS: (Z4) Downtrend Persists

AUSSIE 10-YEAR TECHS
Fixed Income Technical AnalysisBulletAPACFixed Income BulletsAustraliaMarkets
  • 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: 95.555 @ 16:36 GMT Nov 25
  • SUP 1: 95.275 - Low Nov 14
  • SUP 2: 94.722 - Low Jul 2
  • SUP 3: 94.589 - 1.0% 10-dma envelope

Aussie 10-yr futures remain weak on the back of the recent stellar domestic jobs numbers, prompting prices to come under further pressure with the US election results. This firms the downtrend, with prices well through 95.850, as well as the Apr 26 low of 95.430. Bearish price patterns expose 94.722 on further weakness, ahead of vol-band based support at 94.589.

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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: 95.555 @ 16:36 GMT Nov 25
  • SUP 1: 95.275 - Low Nov 14
  • SUP 2: 94.722 - Low Jul 2
  • SUP 3: 94.589 - 1.0% 10-dma envelope

Aussie 10-yr futures remain weak on the back of the recent stellar domestic jobs numbers, prompting prices to come under further pressure with the US election results. This firms the downtrend, with prices well through 95.850, as well as the Apr 26 low of 95.430. Bearish price patterns expose 94.722 on further weakness, ahead of vol-band based support at 94.589.