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(H4) Holding On To The Bulk Of Its Recent Gains

AUSSIE 10-YEAR TECHS
  • RES 3: 96.160 - High Jul 20
  • RES 2: 96.050 - High Sep 4 and a key resistance
  • RES 1: 96.015 - High Dec 21
  • PRICE: 95.985 @ Close Dec 22
  • SUP 1: 95.390/275 - Low Nov 27 / 14
  • SUP 2: 94.965 - Low Oct 31
  • SUP 3: 94.777 - 1.0% 10-dma envelope

Aussie 10yr futures remain in an uptrend and the contract is trading just below its recent highs. The recent recovery has tipped prices north of the 100-dma - reinforcing the current bullish theme. This signals scope for a climb towards 96.050, the Sep 4 high and key resistance. Key support lies below at 95.390 as well as 95.275. Weakness through here could mark the conclusion of the bounce off the bear trigger at 94.965.

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