Free Trial

(U9) Remains Buoyant *RES 3:....>

AUSSIE 3-YEAR TECHS: (U9) Remains Buoyant
*RES 3: 99.343 - 1st Pivot Resistance (98.520-99.155)
*RES 2: 99.254 - 3% Upper Bollinger Band
*RES 1: 99.155/173 - All Time High/2% Bollinger Band
*PRICE: 99.140 @ 16:04 BST Jun 24
*SUP 1: 99.005 - 23.6% Fib Retracement (98.520 - 99.155)
*SUP 2: 98.852 - 50-dma
*SUP 3: 98.662 - 100-dma
Aussie bond markets held the bullish tone throughout the Monday session but
failed to make new highs. Nonetheless, the onus remains pointed higher, with
99.155 the initial target, while those seeing the rally as overstretched aim for
support at 99.005. Next levels to the upside remain the 1st pivot resistance at
99.243. To shift the outlook negative, a retracement below the 98.898 mark is
needed, with further support located at the 100-dma at 98.662.

To read the full story



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.