Free Trial

(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: 96.540/670 - High Feb 2 / High Jun 2 (cont)
  • PRICE: 96.328 @ 15:55 GMT Mar 13
  • SUP 1: 96.110 - Low Feb 14
  • 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 modest weakness into the Wednesday close. An extension of the current bull cycle would pave the way for a climb towards the Feb 2 high of 96.540 where a break would open 96.670, the Jun 2 2023 high. The Jan 18 - 22 low at 96.120 has recently been pierced, however, short-term weakness is considered corrective above 95.750, the Nov 27 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.