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(M3) Soft Start Persists Tuesday

AUSSIE 3-YEAR TECHS
  • RES 3: 98.097 - 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: 96.920 @ 15:44 BST Apr 18
  • SUP 1: 96.780/280 - Low Mar 14 / Low Feb 22 (cont)
  • SUP 2: 96.070 - Low Sep 27 and bear trigger (cont)
  • SUP 3: 95.960 - Low Jun 17 (cont)

Aussie 3yr futures faded further Tuesday, slipping further below the 20-day EMA that intersects at 97.061. The recent 97.380 peak remains the high watermark for now. A break of this level would confirm a resumption of the uptrend that started late February. On the downside, a clear break below the 20-day EMA would instead threaten the bullish theme and signal scope for a deeper pullback towards 96.780, the Mar 14 low.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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