Free Trial

(H4) Testing Resistance

  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.450/96.670 - High Dec 21 / High Jun 2
  • PRICE: 96.380 @ Close Dec 22
  • SUP 1: 95.750 - Low Nov 27
  • SUP 2: 95.480 - Low Oct 31
  • SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing

Aussie 3yr futures remain in an uptrend following recent gains and the contract is trading closer to its recent highs. Key resistance at the top of the range has been pierced, a clear break would be a bullish development and open 96.670, the Jun 2 high. Late November lows mark the first notable support at 95.750 (Nov 27). If 95.750 gives way, this would open 95.480, Oct 31 low.

MNI London Bureau | +44 203-865-3809 |

To read the full story



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.