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(U2) Nearing Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185 - High Apr 5
  • RES 1: 96.945 - High Apr 26 and key short-term resistance
  • PRICE: 96.895 @ 15:42 BST Jul 28
  • SUP 1: 95.663 - Low Jun 16
  • SUP 2: 95.470 - 3.0% Lower Bollinger Band
  • SUP 3: 95.651 - 0.5% 10-dma envelope

Aussie 10yr futures rallied further into the Thursday close, turning the near-term outlook more positive as prices near first resistance at 96.945.

Moving average studies indicate a stabilisation of the outlook, but the 200-dma on the continuation contract at 97.376 poses the next upside hurdle.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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