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(M3) Fresh Pullback Lows

AUSSIE 10-YEAR TECHS
  • RES 3: 97.185 - High Apr 5 2022 (cont)
  • RES 2: 97.040 - High Aug 03 2022 (cont)
  • RES 1: 96.900/905 - High Mar 24 / Mar 20
  • PRICE: 96.055 @ 16:04 BST Jun 07
  • SUP 1: 96.035 - Low Jun 07
  • SUP 2: 95.875 - Low Dec 29
  • SUP 3: 95.299 - 1.0% 10-dma envelope

Aussie 10y futures faded further still Wednesday, touching new multi-month lows in the process. This extends the clean break below the 20-day EMA as well as key support is 96.445, the Apr 20 low. The Mar 13 low at 96.372 has also given way. This opens Dec29 lows of 95.875 for support. Key resistance remains intact at the recent high of 96.905 on Mar 21.

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