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AUSSIE 3-YEAR TECHS: (Z4) Bearish Backdrop Building

AUSSIE 3-YEAR TECHS
Fixed Income Technical AnalysisMarketsFixed Income BulletsBullet
  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.730/932 - High Sep 17 / 76.4% of Mar-Nov ‘23 bear leg 
  • PRICE: 95.880 @ 16:12 GMT Nov 15
  • SUP 1: 95.760 - Low Nov 13
  • SUP 2: 95.750 - Low 27 Nov ‘23
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Prices hit a fresh pullback low at 95.760 across the global rates sell-off, extending losses on the break through 96.080 support. This confirms the downside bias, with support undercutting at 95.750 below ahead of major support of 95.480. For any corrective recovery to take hold, markets need to retake the 96.00 handle on a closing basis.

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  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.730/932 - High Sep 17 / 76.4% of Mar-Nov ‘23 bear leg 
  • PRICE: 95.880 @ 16:12 GMT Nov 15
  • SUP 1: 95.760 - Low Nov 13
  • SUP 2: 95.750 - Low 27 Nov ‘23
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Prices hit a fresh pullback low at 95.760 across the global rates sell-off, extending losses on the break through 96.080 support. This confirms the downside bias, with support undercutting at 95.750 below ahead of major support of 95.480. For any corrective recovery to take hold, markets need to retake the 96.00 handle on a closing basis.