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(H1) New Multi-Month Lows

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.035 - High Dec 23 and key resistance
  • RES 1: 99.021 - 50-DMA
  • PRICE: 98.900 @ 16:26 GMT Jan 14
  • SUP 1: 98.790 - Low Jan 12
  • SUP 2: 98.721 - 61.8% March 2020 Sell-off
  • SUP 3: 98.570 - Low Mar 20

Weakness in Aussie 10yr futures extended through key support at the June 2020 lows of 98.810 Tuesday, highlighting the bearish threat. This signals scope for a deeper pullback, opening 98.721 and below. On the upside, an initial key resistance has been defined at 99.035, Dec 23 high. A break is required to ease the bearish pressure.

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