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(U0) Bulls Back in Driving Seat

AUSSIE 10-YEAR TECHS
  • RES 3: 99.3600 - High Apr 02
  • RES 2: 99.2250 - High Apr 17
  • RES 1: 99.1650 - High Jul 31
  • PRICE: 99.1250 @ 15:48 BST, Aug 3
  • SUP 1: 99.0200 - Low Jul 2 and 3
  • SUP 2: 98.9750 - 50.0% retracement of the Jun 8 - Jul 13 rally
  • SUP 3: 98.9361 - 61.8% retracement of the Jun 8 - Jul 13 rally

Aussie 10yr futures crept higher into the weekly close, hitting 99.1650. This cements the bullish focus for now, and bumps upside targets higher. This opens 99.2250, Apr 17 high. On the downside, initial key key support has for now been defined at 99.0200, Jul 2 / 3 low. A break would expose a deeper decline towards 98.9750 instead. a Fibonacci retracement.

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