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(U0) Focus Remains On Key Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 99.3600 - High Apr 02
  • RES 2: 99.2250 - High Apr 17
  • RES 1: 99.1400 - High Jul 30 / 13 and the bull trigger
  • PRICE: 99.1350 @ 19:29 BST, Jul 30
  • 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 stuck within the recent range of late. Despite this price retention, a bullish focus remains intact. Attention is on the initial key resistance at 99.1400, Jul 13 high where a break would confirm the end of the current consolidation phase and open 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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
BulletMarketsFixed Income BulletsFixed Income Technical Analysis
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
BulletMarketsFixed Income BulletsFixed Income Technical Analysis

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