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(H4) Bullish Theme

AUSSIE 3-YEAR TECHS
  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.670 - High Jun 2
  • PRICE: 96.250 @ 15:48 GMT Feb 09
  • SUP 1: 96.120 - Jan 18 - 22 low
  • SUP 2: 95.750/480 - Low Nov 27 / Low Oct 31
  • SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing

Aussie 3yr futures trend conditions remain bullish, despite the modest fade in prices through the Friday close. Recent gains reinforce current bullish conditions. Key resistance at the top of the range was pierced on the last rally (late December) and this week’s gains above the December highs reinforces a bullish theme. A continuation higher would open 96.670, the Jun 2 high. The Jan 18 - 22 low at 96.120 marks the first notable support. Short-term weakness is considered corrective.

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  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.670 - High Jun 2
  • PRICE: 96.250 @ 15:48 GMT Feb 09
  • SUP 1: 96.120 - Jan 18 - 22 low
  • SUP 2: 95.750/480 - Low Nov 27 / Low Oct 31
  • SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing

Aussie 3yr futures trend conditions remain bullish, despite the modest fade in prices through the Friday close. Recent gains reinforce current bullish conditions. Key resistance at the top of the range was pierced on the last rally (late December) and this week’s gains above the December highs reinforces a bullish theme. A continuation higher would open 96.670, the Jun 2 high. The Jan 18 - 22 low at 96.120 marks the first notable support. Short-term weakness is considered corrective.