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(M3) Rallies North of Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 97.185 - High Apr 5
  • RES 2: 97.040 - High Aug 03
  • RES 1: 96.815 - High Mar 15
  • PRICE: 96.690 @ 16:19 GMT Mar 17
  • 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 added to gains again Wednesday, further clearing resistance at 96.650 to print 96.815. 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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