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AUSSIE 3-YEAR TECHS: (H5) Monitoring Resistance

AUSSIE 3-YEAR TECHS
Fixed Income Technical AnalysisMarketsFixed Income BulletsBullet
  • RES 3: 97.190 - High May 5 2023
  • RES 2: 96.730/932 - High Sep 17 / 76.4% of Mar-Nov ‘23 bear leg 
  • RES 1: 96.360 - High Dec 11  
  • PRICE: 96.210 @ 15:52 GMT Mar 5
  • SUP 1: 95.900 - Low Jan 14  
  • SUP 2: 95.760 - Low 14 Nov ‘24
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Prices rallied alongside global bonds Tuesday, prompting a further recovery from recent lows. On the upside, an extension higher would signal scope for 96.360, the Dec 11 high. Clearance of this level would open 96.730, the Sep 17 ‘24 high. On the downside, a reversal lower from current levels would signal a resumption of the downtrend. A deeper sell-off would refocus attention on 95.760, the 14 Nov ‘24 low. 

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  • RES 3: 97.190 - High May 5 2023
  • RES 2: 96.730/932 - High Sep 17 / 76.4% of Mar-Nov ‘23 bear leg 
  • RES 1: 96.360 - High Dec 11  
  • PRICE: 96.210 @ 15:52 GMT Mar 5
  • SUP 1: 95.900 - Low Jan 14  
  • SUP 2: 95.760 - Low 14 Nov ‘24
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Prices rallied alongside global bonds Tuesday, prompting a further recovery from recent lows. On the upside, an extension higher would signal scope for 96.360, the Dec 11 high. Clearance of this level would open 96.730, the Sep 17 ‘24 high. On the downside, a reversal lower from current levels would signal a resumption of the downtrend. A deeper sell-off would refocus attention on 95.760, the 14 Nov ‘24 low.