Trial now
CROSS ASSET

MONTH END

SOUTH AFRICA

SAGBs Bull Flatten, 10Y Eyes 10.00 Handle

BUNDS

Keep an eye on Euribor

SILVER TECHS

Pullback Considered Corrective

(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: 99.615 @ 16:42 BST Jun 7
  • 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