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AUSSIE 3-YEAR TECHS: (H5) Resistance Remains Exposed

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: 96.190 @ 19:38 GMT Mar 6
  • 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 

Aussie 3-yr futures have pulled back from their most recent highs - a correction. A resumption of gains 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 stronger 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: 96.190 @ 19:38 GMT Mar 6
  • 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 

Aussie 3-yr futures have pulled back from their most recent highs - a correction. A resumption of gains 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 stronger 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.