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(M3) Outlook Remains Bullish

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: 96.775 @ 19:47 BST Apr 4
  • SUP 1: 96.372 - Low Mar 13
  • SUP 2: 96.045 - Low Mar 3
  • SUP 3: 95.875 - Low Dec 29

The Aussie 10y futures trend condition remains bullish and the contract is trading above the 20-day EMA. The average intersects at 96.617. Key resistance is at the recent high of 96.905 on Mar 21. A break of this level would confirm a resumption of the current uptrend and open the Aug 03 2022 high of 97.040 (cont). A clear break of the 20-day EMA would threaten a short-term reversal and open 96.372, the Mar 13 low.

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