May 15, 2022 22:15 GMT
(M2) Close to 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: 96.600 @ 16:26 BST May 13
- SUP 1 96.330 - Low May 9
- SUP 2: 96.182 - 3.0% Lower Bollinger Band
- SUP 3: 96.133 - 0.5% 10-dma envelope
Aussie 10y futures returned to cycle lows to begin last week, accelerating the downside theme. The move lower exposes next support posted at the 3.0% Lower Bollinger Band at 96.182, ahead of a stronger area of support at the 0.5% 10-dma envelope - which crosses at 96.133 currently. Initial resistance is at a recent high of 97.185 on Apr 5.
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