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Free Access(U3) Consolidating
- 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: 95.838 @ 16:01 BST Sep 11
- 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 are consolidating at the beginning of the week, holding approximately halfway between the August high and August low. These parameters dictate price action for now. Any break of support at 95.685, the Jul 10 low, would reinforce a bearish theme and expose the major support at 95.670, the Jun 17 2022 low. Weakness through here would confirm a resumption of the medium-term downtrend and accelerate losses. Initial key resistance has been defined at 96.050, the Sep 1 high. A break would expose 96.440, the Jun 2 high.
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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.