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(U1) Testing Resistance
- RES 3: 99.165 - High Nov 20
- RES 2: 99.035 - High Dec 23 and key resistance
- RES 1: 98.730/810 - High Jul 8 / 76.4% of the Oct '20 - Feb downleg
- PRICE: 98.725 @ 20:33 BST Jul 15
- SUP 1: 98.495 - Low Jul 6
- SUP 2: 98.320 - Low Jun 17
- SUP 3: 98.045 - Low Feb 26
Aussie 10y futures continue their medium-term trend higher, extending gains and have tested 98.730, the Jul 8 high. Recent gains have improved the outlook going forward, with the probability of progress through the 2021 losses increasing over the past few weeks. A break of 98.730 would confirm a resumption of the uptrend and open 98.814, a Fibonacci retracement next. A key support has been defined at 98.320, Jun 17 low.
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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.