(U0) Holding Above Its Key Support

• RES 3: 99.780 - High Apr 01 and bull trigger
• RES 3: 99.750 - High May 21 and 22
• RES 1: 99.730 - Congestion highs between Jun 15 - 22
• PRICE: 99.700 @ 16:13 BST Jul 27
• SUP 1: 99.680 - Low Jun 14 / Jul 22
• SUP 2: 99.667 - 23.6% retracement of the March - April Rally
• SUP 3: 99.597 - 38.2% retracement of the Mar - Apr rally

The short-end of the Aussie bond space traded lower recently but has held above
recent lows of 99.680, the Jul 14 low and a new low watermark. A break of this
support would signal scope for an extension lower towards Fibonacci support at
99.667 and 99.597, both Fibonacci retracement levels. On the upside, the key
hurdle for bulls remains the 99.730 congestion, highs between Jun 15 - 22. A
break would instead open 99.780, Apr 1 high further out.