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Free AccessAUSSIE 3-YEAR TECHS: (U4) Key Short-Term Resistance Remains Intact
- RES 3: 96.540 - High Feb 2 and a Key resistance
- RES 2: 96.506 - High Mar 11
- RES 1: 96.300 - High Jun 17
- PRICE: 96.090 @ 17:11 BST Jun 20
- SUP 1: 95.730 - 76.4% retracement of the Jan - Feb rally
- SUP 2: 95.480 - Low Oct 31
- SUP 3: 95.330 - 2.618 proj of the Feb 2 - Feb 14 - Mar 11 price swing
Aussie 3yr futures have faded off the week’s best levels, but the 96.000 handle remains supported for now. Prices need to remain above pre-NFP levels of 96.110 for the rally to hold, before next resistance at 96.210 comes into view. Any bearish reversal would turn focus towards 95.730, a Fibonacci retracement point.
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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.