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(U0) Range Base Extends Lower

AUSSIE 10-YEAR TECHS
  • RES 3: 99.3600 - High Apr 02
  • RES 2: 99.2250 - High Apr 17
  • RES 1: 99.1850 - High Aug 5
  • PRICE: 99.0300 @ 16:53 BST, Aug 27
  • SUP 1: 99.0150 - 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

The range base extended a little lower to 99.0150 Thursday, but there remain few signs of a bearish breakout for now. From a trend perspective, sideways activity is expected to continue dominating. A break of the 99.0200, the range base or 99.1850 is required to signal a clearer directional move.

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