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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

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  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7503 High Jul 13
  • RES 2: 0.7441 20-day EMA
  • RES 1: 0.7429 High Jul 19
  • PRICE: 0.7366 @ 16:54 BST Jul 27
  • SUP 2: 0.7290 Low Jul 21 and the bear trigger
  • SUP 3: 0.7284/44 Low Nov 24, 2020 / 2.0% 10-dma envelope
  • SUP 3: 0.7235 1.382 proj of Feb 25 - Apr 1 - May 10 price swing
  • SUP 4: 0.7222 Low Nov 13, 2020

AUDUSD is consolidating. The outlook remains bearish. This follows the recent breach of a channel drawn from the Feb 25 high and despite the fact that price bounced back into the channel area, the move lower marks an important technical break. This signal potential for a move towards 0.7235 next, a 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing. On the upside, initial resistance to watch is at 0.7429, Jul 19 high.