February 13, 2025 23:15 GMT
AUSSIE 10-YEAR TECHS: (H5) Reverts Off Resistance
AUSSIE 10-YEAR TECHS
- RES 3: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
- RES 2: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
- RES 1: 95.685/851 - High Feb 7 / High Dec 11
- PRICE: 95.570 @ 15:55 GMT Feb 13
- SUP 1: 95.300 - Low Jan 14
- SUP 2: 95.275 - Low Nov 14 (cont) and a key support
- SUP 3: 94.632 - 1.0% 10-dma envelope
Aussie 10-yr futures have drifted further off the Dec 11 high of 95.851. A stronger bearish theme would expose 95.275, the Nov 14 low and a key support. Clearance of this level would strengthen a bearish condition. For bulls, a confirmed reversal and a breach of 95.851, the Dec 11 high, would instead reinstate a bull cycle and refocus attention on resistance at 96.207, a Fibonacci retracement point.
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