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(H4) Broader Trend Remains Up

AUSSIE 10-YEAR TECHS
  • RES 3: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 2: 96.160 - High Jul 20
  • RES 1: 96.110 - High Dec 28 and the bull trigger
  • PRICE: 95.805 @ 16:12 GMT Feb 12
  • SUP 1: 95.650 - Low Jan 19
  • SUP 2: 95.390/275 - Low Nov 27 / 14
  • SUP 3: 94.965 - Low Oct 31

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 in January appears to have been 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 would be a bearish development. For now, a pullback is considered corrective.

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