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(H2) Remains Below Recent Highs

AUSSIE 10-YEAR TECHS
  • RES 3: 98.880 - High Aug 31 2021
  • RES 2: 98.755 - High Sep 23
  • RES 1: 98.430/460 - High Dec 21 / 06
  • PRICE: 98.120 @ 16:35 GMT Jan 13
  • SUP 1: 97.855 - Low Oct 29 and the major support
  • SUP 2: 97.625 - 76.4% 2018-20 Range
  • SUP 3: 97.485 - Low Mar 19, 2020

Aussie 10y futures are consolidating and have pulled back from recent highs, erasing strength that saw prices rise to challenge early December highs of 98.460. This remains the first key resistance and a break through here would open potential for gains toward 98.755, the Sep 23 high. Any resumption of weakness would refocus attention on the bear trigger at 97.855, Oct 29 low.

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