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(H4) Testing Resistance

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: 96.450/96.670 - 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.

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