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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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(H3) Clawing Back Losses

AUSSIE 3-YEAR TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 3: 97.530 - High Mar 31 (cont)
  • RES 2: 97.295 - High Aug 3 (cont)
  • RES 1: 97.040 - High Jan 19
  • PRICE: 96.970 @ 16:18 GMT Feb 2
  • SUP 1: 96.300 Oct 26
  • SUP 2: 96.070 - Low Sep 27 and bear trigger (cont)
  • SUP 3: 95.960 - Low Jun 17 (cont)

Aussie 3yr futures faltered last week on the back of a hot CPI release, but have recovered a small part of the recent losses. The short-term outlook remains positive in the context of the YTD rally, which has provided a constructive backdrop for bulls. The bounce put prices above first key resistance at 96.958, with a close above this mark would help argue for further gains. Any resumption lower would signal scope for weakness towards 96.070, the Sep 27 low on the continuation chart. This level is a key support and bear trigger.

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  • RES 3: 97.530 - High Mar 31 (cont)
  • RES 2: 97.295 - High Aug 3 (cont)
  • RES 1: 97.040 - High Jan 19
  • PRICE: 96.970 @ 16:18 GMT Feb 2
  • SUP 1: 96.300 Oct 26
  • SUP 2: 96.070 - Low Sep 27 and bear trigger (cont)
  • SUP 3: 95.960 - Low Jun 17 (cont)

Aussie 3yr futures faltered last week on the back of a hot CPI release, but have recovered a small part of the recent losses. The short-term outlook remains positive in the context of the YTD rally, which has provided a constructive backdrop for bulls. The bounce put prices above first key resistance at 96.958, with a close above this mark would help argue for further gains. Any resumption lower would signal scope for weakness towards 96.070, the Sep 27 low on the continuation chart. This level is a key support and bear trigger.