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(M1) Hits Key Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.035 - High Dec 23 and key resistance
  • RES 1: 98.430 - High May 27
  • PRICE: 98.385 @ 15:07 BST May 28
  • SUP 1: 98.220/070 - Low May 14 / Low Mar 19
  • SUP 2: 98.020 - Low Feb 26 and the bear trigger
  • SUP 3: 97.485 - Low March 2020

Aussie 10y futures continue their near-term trend higher, extending gains to top key resistance at 98.420. This improves the outlook going forward, with the probability of progress through the 2021 losses. 98.220, May 14 low is support. A break would open 98.070, Mar 19 low and the 98.020 bear trigger, Mar 26 low.

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