January 05, 2025 23:15 GMT
AUSSIE 10-YEAR TECHS: (H5) Stable Start
AUSSIE 10-YEAR TECHS
- 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: 95.565 @ 14:59 GMT Jan 3
- 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 had a stable start to 2025, keeping the technical outlook unchanged for now. A previous bull cycle in prices has been hampered by S/T pullbacks late last year, however 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.
117 words