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(M3) Fades Off Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 97.185 - High Apr 5
  • RES 2: 97.040 - High Aug 03
  • RES 1: 96.900/905 - High Mar 24 / Mar 20
  • PRICE: 96.650 @ 15:46 BST Mar 30
  • SUP 1: 95.675 - Low Oct 24
  • SUP 2: 95.670 - Low Jun 17 and a key support
  • SUP 3: 95.360 - 1.00 proj of the Aug - Oct - Dec price swing

Aussie 10y futures pressed higher again early Monday, keeping pressure on recent highs at the 96.905 mark. Further progress above this mark opens the Aug 03 highs of 97.040 and levels not seen since mid-August last year. On any resumption of weakness inside the recent range, key support opens at 95.675, the Oct 24 low and 95.670, the Jun 17 low, on the continuation chart.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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