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(H4) Broader Trend Remains Up

AUSSIE 10-YEAR TECHS
  • RES 3: 96.160 - High Jul 20
  • RES 2: 96.110 - High Dec 28
  • RES 1: 95.972 - 2.0% Upper Bollinger Band
  • PRICE: 95.840 @ 20:03 GMT Jan 30
  • SUP 1: 95.390/275 - Low Nov 27 / 14
  • SUP 2: 94.965 - Low Oct 31
  • SUP 3: 94.803 - 1.0% 10-dma envelope

Aussie 10yr futures remain in a medium-term uptrend after the contract traded to new highs of 96.110 at the end of 2023. This cleared key resistance at the 96.050 level and the pullback over January appears to be a correction. 96.110, the Dec 28 high is the bull trigger. Key support lies below at 95.390 as well as 95.275. Weakness through here could mark the conclusion of the bounce and expose the bear trigger at 94.965.

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