Free Trial

(M3) Short-Term Bull Cycle Remains In Play

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: 96.715 @ 19:00 BST Apr 28
  • SUP 1: 96.445/96.372 - Low Apr 20 / Low Mar 13
  • SUP 2: 96.045 - Low Mar 3
  • SUP 3: 95.875 - Low Dec 29

Aussie 10y futures have recovered from the Apr 28 low of 96.530. 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). On the downside, a clear break of the 20-day EMA would highlight a short-term reversal and open 96.372, the Mar 13 low. Initial key support to watch is 96.445, the Apr 20 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.