Free Trial

(U1) Outlook Turns Positive

AUSSIE 3-YEAR TECHS
  • RES 3: 99.860 - All time High Nov 3 and the bull trigger
  • RES 2: 99.728 - 50-dma (cont)
  • RES 1: 99.694 - High Jun 11
  • PRICE: 99.682 @ 16:00 BST Jun 11
  • 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 inching higher once more, resuming the uptrend. This pushes the high watermark for the U1 contract up to 99.694, with the 50-dma on the continuation contract the next target at 99.728. Key short-term support has been defined at 99.565, May 19 low. A break would negate the longer-term developing bullish structure.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.