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AUSSIE 10-YEAR TECHS: (Z4) Shallow Bounce

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: 95.620 @ 16:23 GMT Nov 28
  • SUP 1: 95.275 - Low Nov 14
  • SUP 2: 94.722 - Low Jul 2
  • SUP 3: 94.514 - 1.0% 10-dma envelope

Aussie 10-yr futures remain weaker on net, with the US election results adding additional weight. A corrective bounce is underway, however, with prices recovering to 95.610 on Wednesday. Bearish price patterns expose 94.722 on further weakness, ahead of vol-band based support at 94.514.

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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: 95.620 @ 16:23 GMT Nov 28
  • SUP 1: 95.275 - Low Nov 14
  • SUP 2: 94.722 - Low Jul 2
  • SUP 3: 94.514 - 1.0% 10-dma envelope

Aussie 10-yr futures remain weaker on net, with the US election results adding additional weight. A corrective bounce is underway, however, with prices recovering to 95.610 on Wednesday. Bearish price patterns expose 94.722 on further weakness, ahead of vol-band based support at 94.514.