Free Trial

(U9) Familiar territory *RES....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U9) Familiar territory
*RES 3: 99.697 - 1st Pivot Resistance (98.520-99.410)
*RES 2: 99.397 - 3% Upper Bollinger Band
*RES 1: 99.410 - All Time High
*PRICE: 99.320 @ 15:26 GMT Aug 28
*SUP 1: 99.257 - 38.2% Fib Retracement (99.010 - 99.410)
*SUP 2: 99.199 - 50-dma
*SUP 3: 98.009 - 100-dma
Aussie 3yr futures bumped up against familiar short-term resistance at 99.335.
Having gapped higher at the open this week, markets quickly sold off the gains,
turning the short-term outlook more neutral. The print up at 99.39 this week
keeps bulls on the front foot over the medium-term, with a slip below the 99.257
support needed to turn the outlook more bearish. A break all time highs at
99.410 on August 8 is still on the cards, with potential to extend the major
uptrend.

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.