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(H1) Still Weak

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.035 - High Dec 23 and key resistance
  • RES 1: 99.002 - 50-DMA
  • PRICE: 98.675 @ 15:27 GMT Feb 15
  • SUP 1: 98.660 - Low Feb 15
  • SUP 2: 98.594 - 3.0% Lower Bollinger Band
  • SUP 3: 98.570 - Low Mar 20

Residual strength that followed the January RBA rate decision has now faded, with prices breaking down further in recent sessions. Markets hit new cycle lows of 98.660 early Monday, taking out key support at 98.684. 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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