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(M3) Remains Weak

AUSSIE 3-YEAR TECHS
  • RES 3: 97.921 - 1.0% 10-dma envelope
  • RES 2: 97.480 - High Apr 19 2022 (cont)
  • RES 1: 97.380 - High Mar 20 and the bull trigger
  • PRICE: 96.138 @ 15:53 BST Jun 13
  • SUP 1: 96.106 - Low June 09
  • SUP 2: 96.096 - Low June 12
  • SUP 3: 95.960 - Low Jun 17 (cont)

Aussie 3yr futures extended to new pullback lows of 96.096 to start the week, taking out the February lows for the continuation contract. The market has now traded lower for eight of the past nine sessions, with momentum firmly pointed lower for now. 96.070 is the next downside level, the bear trigger coinciding with the Sep 27 low. To the upside, the recent 97.380 peak remains the high watermark.

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