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(H2) Through Major Support

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: 97.775 @ 17:02 GMT Feb 21
  • SUP 1: 97.715 - Low Feb 15
  • SUP 2: 97.625 - 76.4% 2018-20 Range
  • SUP 3: 97.485 - Low Mar 19, 2020 & 0.5% 10-dma envelope

Aussie 10y futures traded toward the bottom end of the recent range into the Friday close and traded horizontally throughout the Monday session. This puts markets through 97.855 support, opening the next leg of weakness toward 97.625. A bearish theme remains in place though following the pull back this month, erasing strength that saw prices rise to challenge early December highs of 98.460. This remains the first key resistance area and a break through here would open potential for gains toward 98.755, the Sep 23 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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