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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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(U1) Back to Neutral With Roll

AUSSIE 3-YEAR TECHS
  • RES 3: 99.860 - All time High Nov 3 and the bull trigger
  • RES 2: 99.657 - 50-dma
  • RES 1: 99.640 - High May 26
  • PRICE: 99.600 @ 14:04 BST May 31
  • SUP 1: 99.565 - Low May 19
  • SUP 2: 99.560 - Low Apr 27
  • SUP 3: 99.552 - 38.2% 2020 Rally

Aussie 3y futures are consolidating having extended the rally from May 21. The key development has been the rally through key resistance. With the roll to U1, however, prices have flipped back to neutral for now. Key short-term support has been defined at 99.565, May 19 low. A break would negate the longer-term developing bullish structure.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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