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(U3) Breaches Support

AUSSIE 10-YEAR TECHS
  • RES 3: 97.040 - High Aug 03 2022 (cont)
  • RES 2: 96.780/975 - High May 5 / High Mar 14
  • RES 1: 96.440 - High Jun 2
  • PRICE: 95.840 @ 15:53 BST Sep 05
  • SUP 1: 95.660- Low Aug 17
  • SUP 2: 95.670 - Low Jun 17 2022
  • SUP 3: 94.900 - 1.0% 10-dma envelope

Aussie 10 yr futures faded through the European close, extending the break of support at 95.685, the Jul 10 low, to reinforce the bearish theme. This exposes the major support at 95.670, the Jun 17 2022 low. A break of this level would confirm a resumption of the medium-term downtrend and accelerate losses. Initial key resistance has been defined at 96.170, the Jun 29 high. A break would expose 96.440, the Jun 2 high.

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