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(U2) Key Support Intact

AUSSIE 3-YEAR TECHS
  • RES 3: 97.975 - High Mar 16
  • RES 2: 97.530 - High Mar 31
  • RES 1: 97.295 - High Aug 2 / 3
  • PRICE: 96.770 @ 16:21 BST Aug 19
  • SUP 1: 96.610 - Low Jun 22
  • SUP 2: 96.578 - 3.0% Lower Bollinger Band
  • SUP 3: 95.920 - Low Jun 16

Aussie 3yr futures remain closer to recent lows as the contract extends the pullback from 96.995, Aug 17 high. A key S/T support is at 96.610, Jul 22 low and the uptrend that started Jun 15, remains intact as long as price trades above this support. A resumption of gains would pave the way for strength towards 97.530, Mar 31 high. On the downside, sub 96.610 levels would highlight a stronger reversal and a resumption of bearish activity.

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