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(H1) Breaking Lower

AUSSIE 10-YEAR TECHS
  • RES 3: 99.480 - High Mar 10 and the all-time high
  • RES 2: 99.360 - High Apr 2 (cont)
  • RES 1: 99.290 - High Oct 16
  • PRICE: 98.925 @ 16:48 GMT Dec 3
  • SUP 1: 98.915 - Low Nov 11
  • SUP 2: 98.810 - Low Jun 8 and key support
  • SUP 3: 98.721 - 61.8% March Sell-off

Aussie 10yr futures fell further Thursday, taking out key supports on the way through. The most notable was the bear trigger at 98.985, which exposes key support at the Jun 8 low at 98.810. For any bounce to solidify, prices need to recover above the November lows at 98.9850.

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