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(H2) Fading End-2021 Strength

AUSSIE 3-YEAR TECHS
  • RES 3: 99.795 - High Aug 20 (cont)
  • RES 2: 99.300 - High Oct 14/15
  • RES 1: 99.120 - High Oct 19 and key near-term resistance
  • PRICE: 98.650 @ 15:57 GMT Jan 17
  • SUP 1: 98.540 - Low Oct 29
  • SUP 2: 98.510 - 61.8% 2018 - 2020 Range
  • SUP 3: 97.957 - 1.0% 10-dma envelope

Aussie 3yr futures are continuing to edge off the holiday season highs of 98.92, but are still respecting the recent range. This consolidation has highlighted two important S/T directional triggers; 98.660, the Dec16 low, and first resistance at 99.120. Markets need to top this last level to re-engage any rally and this would open 99.300, the Oct 14/15 high. A break of support at 98.660, would resume the downtrend and open 98.540, the Oct 29 high.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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