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AUSSIE 3-YEAR TECHS: (U4) Trend Set-Up Remains Bullish

AUSSIE 3-YEAR TECHS
BulletFixed Income BulletsFixed Income Technical Analysis
  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.932 - 76.4% retracement of the Mar - Nov 2023 bear leg 
  • PRICE: 96.460 @ 16:16 BST Aug 20
  • 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 remain below their most recent trend highs and for now, recent weakness is considered corrective. The pullback has allowed an oversold condition to unwind. Recent strong gains reinforce 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: 96.932 - 76.4% retracement of the Mar - Nov 2023 bear leg 
  • PRICE: 96.460 @ 16:16 BST Aug 20
  • 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 remain below their most recent trend highs and for now, recent weakness is considered corrective. The pullback has allowed an oversold condition to unwind. Recent strong gains reinforce 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.