Free Trial

(U3) Remains Below Its Recent High

AUSSIE 3-YEAR TECHS
  • RES 3: 97.380 - High Mar 20 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.730 - High Jun 2
  • PRICE: 96.300 @ 17:36 BST Aug 31
  • SUP 1: 95.730 - Low Jul 8
  • SUP 2: 95.541 - 2.618 proj of the Mar 21 - May 2 - May 5 price swing
  • SUP 3: 95.183 - 1.0% 10-dma envelope

Aussie 3yr futures continue to trade below 96.340, the Aug 9 high, however, nearby support at 95.970, the Jul 26 low, remains untroubled for now. A break of 96.340 resistance would highlight an important short-term break and signal scope for an extension to challenge resistance at 96.730. Key support sits below at 95.730, the Jul 7 and 10 low. Clearance of this level would confirm a resumption of the primary downtrend.

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

To read the full story

Close

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.