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Free Access(U9) All time highs ahead of....>
AUSSIE 3-YEAR TECHS: (U9) All time highs ahead of RBA
*RES 3: 99.623 - 1st Pivot Resistance (98.520-99.355)
*RES 2: 99.429 - 3% Upper Bollinger Band
*RES 1: 99.355 - All Time High
*PRICE: 99.340 @ 15:08 GMT Aug 5
*SUP 1: 99.223 - 38.2% Fib Retracement (99.010 - 99.355)
*SUP 2: 99.082 - 50-dma
*SUP 3: 98.886 - 100-dma
Aussie 3-yr futures started the week well as the global risk environment
deteriorated further, with focus turning to the looming RBA rate decision. New
all time highs up at 99.355 keep bulls on the front foot, keeping upside targets
looking particularly lofty at 99.429 and 99.623. The move's sustainability still
lies on the RBA's shoulders, with the recent CPI numbers calling the outlook
into question. For the outlook to weaken, markets need to take out the 50-dma at
99.082 after key Fib support at 99.223.
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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.