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AUSSIE 10-YEAR TECHS: (H5) Soft Close

AUSSIE 10-YEAR TECHS
Fixed Income Technical AnalysisBulletAPACFixed Income BulletsAustraliaMarkets
  • RES 3: 96.975 - High Mar 14 
  • RES 2: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • PRICE: 95.555 @ 15:55 GMT Dec 30
  • SUP 1: 95.460 - Low Dec 20
  • SUP 2: 95.275 - Low Nov 14
  • SUP 3: 94.734 - 1.0% 10-dma envelope

Aussie 10-yr futures recovered well having slipped into the Monday close, undermining early December strength. This works against the previous short-term bull cycle. A continuation higher would refocus attention on resistance at the 96.207 level, a Fibonacci retracement. On the downside, a stronger bearish reversal would instead expose 95.275. 

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  • RES 3: 96.975 - High Mar 14 
  • RES 2: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • PRICE: 95.555 @ 15:55 GMT Dec 30
  • SUP 1: 95.460 - Low Dec 20
  • SUP 2: 95.275 - Low Nov 14
  • SUP 3: 94.734 - 1.0% 10-dma envelope

Aussie 10-yr futures recovered well having slipped into the Monday close, undermining early December strength. This works against the previous short-term bull cycle. A continuation higher would refocus attention on resistance at the 96.207 level, a Fibonacci retracement. On the downside, a stronger bearish reversal would instead expose 95.275.