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AUSSIE 3-YEAR TECHS: (U4) Trend Needle Points 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: 96.504 @ 20:02 BST Sep 11
  • SUP 1: 95.940 - 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 continue to trade below its most recent trend highs, however, recent weakness is considered corrective and the pullback has allowed an oversold condition to unwind. The rally in July and early August,  reinforced a bullish condition and signal scope for an extension towards 96.932, a Fibonacci retracement point on the continuation chart. 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: 96.504 @ 20:02 BST Sep 11
  • SUP 1: 95.940 - 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 continue to trade below its most recent trend highs, however, recent weakness is considered corrective and the pullback has allowed an oversold condition to unwind. The rally in July and early August,  reinforced a bullish condition and signal scope for an extension towards 96.932, a Fibonacci retracement point on the continuation chart. Initial firm support lies at 95.940, the Jul 25 low.