April 23, 2024 22:15 GMT
(M4) Meets Support
AUSSIE 10-YEAR TECHS
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- RES 3: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
- RES 2: 96.160 - High Jul 20
- RES 1: 96.110 - High Dec 28 and the bull trigger
- PRICE: 95.705 @ 16:11 BST Apr 23
- SUP 1: 95.595 - Low Apr 16
- SUP 2: 95.390/275 - Low Nov 27 / 14
- SUP 3: 94.965 - Low Oct 31
Aussie 10yr futures edged to a new pullback low Wednesday last week - led by US Treasuries - having failed to trouble resistance. Markets need to build from here through to mid-Feb highs of 95.870 to build a base ahead of 96.070, the Feb 2 high and next key resistance. 96.110, Dec 28 high, remains the bull trigger. Key support lies below at 95.390 as well as 95.275. Weakness through here would be bearish. First support to watch lies at 95.610, this week’s pullback low.
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