February 07, 2023 23:15 GMT
(H3) Edges to February Lows
AUSSIE 10-YEAR TECHS
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- RES 3: 97.185 - High Apr 5
- RES 2: 97.040 - High Aug 03
- RES 1: 96.650 - High Jan 25
- PRICE: 96.365 @ 15:54 GMT Feb 7
- SUP 1: 95.675 - Low Oct 24
- SUP 2: 95.670 - Low Jun 17 and a key support
- SUP 3: 95.360 - 1.00 proj of the Aug - Oct - Dec price swing
Aussie 10y futures traded lower into the Tuesday close, following the shorter-end on RBA guidance. This keeps the bear leg in play and the recent continuation lower into end-2022 suggests scope for weakness near-term. An extension would expose the key support at 95.675, the Oct 24 low and 95.670, the Jun 17 low, on the continuation chart.
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