August 05, 2022 17:35 GMT
(U2) Remains Above Key Support
AUSSIE 3-YEAR TECHS
- RES 3: 98.350 - High Mar 3
- RES 2: 97.975 - High Mar 16
- RES 1: 97.530 - High Mar 31
- PRICE: 96.955 @ 17:55 BST Aug 05
- SUP 1: 96.610 - Low Jun 22
- SUP 2: 96.372 - 3.0% Lower Bollinger Band
- SUP 3: 95.920 - Low Jun 16
Aussie 3yr futures remain below recent highs. A key short-term support has been defined at 96.610, the Jul 22 low. The uptrend that started Jun 15, remains intact as long as price trades above 96.610. A resumption of gains would pave the way for strength towards 97.530, the Mar 31 high. On the downside, weakness below 96.610 would instead highlight a stronger reversal and a resumption of bearish activity.
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