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AUSSIE 3-YR TECHS: (U3) Remains Below The Recent High

AUSSIE 3-YEAR TECHS
  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.730 - High Jun 2
  • PRICE: 96.160 @ 19:50 BST Sep 13
  • SUP 1: 95.730 - Low Jul 7 / 10
  • SUP 2: 95.541 - 2.618 proj of the Mar 21 - May 2 - May 5 price swing
  • SUP 3: 95.241 - 1.0% 10-dma envelope

Aussie 3yr futures continue to trade below resistance at 96.340, the Aug 9 and Sep 4 highs with nearby support at 95.970, the Jul 26 low, untroubled for now. A break of 96.340 resistance would highlight an important short-term break and signal scope for an extension, to challenge resistance at 96.730, the Jun 2 high. Key support sits at 95.730, the Jul 7 and 10 low. Clearance of this level would confirm a resumption of the primary downtrend.

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