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(H3) RBA Leads Markets Lower

AUSSIE 3-YEAR TECHS
  • RES 3: 97.530 - High Mar 31 (cont)
  • RES 2: 97.295 - High Aug 3 (cont)
  • RES 1: 97.040 - High Jan 19
  • PRICE: 96.660 @ 15:53 GMT Feb 9
  • 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)

The recovery across Aussie 3yr futures faded further this week on the back of the RBA rate decision. Any further weakness will signal scope for weakness towards 96.070, the Sep 27 low on the continuation chart. This level is a key support and bear trigger. To the upside, last week’s highs at 97.020 provide the first resistance ahead of 97.090.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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