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(U1) Maintains A Bullish Tone

AUSSIE 3-YEAR TECHS
  • RES 3: 99.927 - 1.00 proj of Jun 21 - Aug 3 - Aug 9 price swing
  • RES 2: 99.860 - All time High Nov 3 and the bull trigger
  • RES 1: 99.810 - High May 26
  • PRICE: 99.785 @ 19:37 BST Aug 20
  • SUP 1: 99.750 - 200-dma (cont)
  • SUP 2: 99.650 - Low Aug 9
  • SUP 3: 99.490 - Low Jul 6

Aussie 3y remains in an uptrend. The contract has cleared 99.735, the highs between Jul 21 and Aug 3. The break of this hurdle confirms a resumption of the uptrend that started Jun 21. Note that price has also cleared the 200-dma on the continuation contract reinforcing the current uptrend. Attention is highs and levels not seen since early June on the continuation chart. The all-time highs sit at 99.860. Key support is 99.650, the Aug 9 low.

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