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(H1) Stabilising

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: 98.993 @ 16:12 GMT Dec 11
  • SUP 1: 98.875 - Low Dec 7
  • SUP 2: 98.810 - Low Jun 8 and key support
  • SUP 3: 98.721 - 61.8% March Sell-off

Aussie 10yr futures sank slightly on Monday, extending the recent downside to hit new cycle lows at 98.875. Prices have sinced bounced and stabilised, but this confirms near-term risk for the market despite the well-anchored nature of the short-end. This opens a gap with key resistance at 99.290, Oct 16 high. Key support and bear trigger is at 98.810.

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