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(H1) Stabilising And Holding Onto Recent Gains

AUSSIE 10-YEAR TECHS
  • RES 3: 99.270 - High Jun 6 h
  • RES 2: 99.165 - High Nov 20 (cont))
  • RES 1: 99.065 - High Dec 1
  • PRICE: 98.945 @ 19:25 GMT Dec 16
  • SUP 1: 98.875 - Low Dec 7
  • SUP 2: 98.845- Low Jun 8 and key support
  • SUP 3: 98.570 - Low Mar 20

Aussie 10yr futures trades at the upper end of the recent range, having extended the recovery from the last cycle low at 98.875. The recent recovery highlights a potential bullish theme. An extension higher would pave the way for a climb towards 99.065, Dec 1 high and if this level gives way, towards 99.080, Nov 23 high. Key support and bear trigger is at 98.810.

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