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(M3) New Multi-Month 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: 96.395 @ 15:28 BST May 31
  • SUP 1: 96.220 - Low May 26
  • SUP 2: 96.045 - Low Mar 3
  • SUP 3: 95.875 - Low Dec 29

Aussie 10y futures took another leg lower Thursday, 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. Key resistance remains intact at the recent high of 96.905 on Mar 21. A break of this level would confirm a resumption of the uptrend and open the Aug 03 2022 high of 97.040 (cont).

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

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