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AUSSIE 3-YEAR TECHS: (U4) Key Short-Term Resistance Remains Intact

AUSSIE 3-YEAR TECHS
  • 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: 95.900 @ 16:15 BST Jul 03
  • 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, and posted only a scant recovery having taken out the 96.000 handle on the way lower. 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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  • 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: 95.900 @ 16:15 BST Jul 03
  • 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, and posted only a scant recovery having taken out the 96.000 handle on the way lower. 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.