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AUSSIE 3-YEAR TECHS: (U4) Trend Needle Continues To Point North

AUSSIE 3-YEAR TECHS
BulletMarketsFixed Income BulletsFixed Income Technical Analysis
  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.720/932 - High AUg 6 / 76.4% of the Mar-Nov ‘23 bear leg 
  • PRICE: 96.578 @ 18:28 BST Sep 13
  • SUP 1: 96.290/95.940 - Low Aug 8 / Low Jul 25 
  • SUP 2: 95.820 - Low Jun 20
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Aussie 3yr futures are firmer. Recent weakness appears to have been a correction and the pullback has allowed an oversold condition to unwind. The rally in July and early August, reinforces a bullish condition and signals scope for an extension towards 96.932, a Fibonacci retracement point on the continuation chart. Moving average studies remain in a bull-mode position, highlighting a rising trend. Initial firm support lies at 95.940, the Jul 25 low. 

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  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.720/932 - High AUg 6 / 76.4% of the Mar-Nov ‘23 bear leg 
  • PRICE: 96.578 @ 18:28 BST Sep 13
  • SUP 1: 96.290/95.940 - Low Aug 8 / Low Jul 25 
  • SUP 2: 95.820 - Low Jun 20
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Aussie 3yr futures are firmer. Recent weakness appears to have been a correction and the pullback has allowed an oversold condition to unwind. The rally in July and early August, reinforces a bullish condition and signals scope for an extension towards 96.932, a Fibonacci retracement point on the continuation chart. Moving average studies remain in a bull-mode position, highlighting a rising trend. Initial firm support lies at 95.940, the Jul 25 low.