May 01, 2022 22:15 GMT
(M2) At New Cycle Lows
AUSSIE 10-YEAR TECHS
- RES 3: 97.870 - High Mar 3
- RES 2: 97.455 - High Mar 18
- RES 1: 97.185 - High Apr 5
- PRICE: 96.725 @ 16:44 BST Apr 29
- SUP 1: 96.713 - 2.0% Lower Bollinger Band
- SUP 2 96.705 - Low Apr 29
- SUP 3: 96.380 - 0.5% 10-dma envelope
Aussie 10y futures returned to cycle lows again Friday, retaining the sell-on-strength theme. The move lower exposes next support posted at the 2.0% Lower Bollinger Band at 96.713, ahead of a stronger area of support at the 0.5% 10-dma envelope - which crosses at 96.380 currently. Initial resistance is at a recent high of 97.185 on Apr 5.
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