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AUSSIE 3-YEAR TECHS: (Z4) Trend Structure Remains Bullish

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: 96.730/932 - Cycle high / 76.4% of the Mar-Nov ‘23 bear leg 
  • PRICE: 96.640 @ 20:04 BST Sep 17
  • 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 holding on to the bulk of their latest gains. The recent recovery reinforces bullish conditions and signals scope for an extension higher. Note too that on the continuation chart, moving average studies remain in a bull-mode position and this highlights a medium-term uptrend. Scope is seen for a climb towards 96.932, a Fibonacci retracement point on the continuation chart. Initial firm support lies at 96.290, 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: 96.730/932 - Cycle high / 76.4% of the Mar-Nov ‘23 bear leg 
  • PRICE: 96.640 @ 20:04 BST Sep 17
  • 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 holding on to the bulk of their latest gains. The recent recovery reinforces bullish conditions and signals scope for an extension higher. Note too that on the continuation chart, moving average studies remain in a bull-mode position and this highlights a medium-term uptrend. Scope is seen for a climb towards 96.932, a Fibonacci retracement point on the continuation chart. Initial firm support lies at 96.290, Jul 25 low.