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(Z0) Approaching Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 99.148 - 2.0% Upper Bollinger Band
  • RES 2: 99.125 - 1.000 proj of Aug 28 - Sep 4 rally from Sep 9 low
  • RES 1: 99.105 - High Sep 16 and bull trigger
  • PRICE: 99.090 @ 17:22 BST Sep 16
  • SUP 1: 98.970 - Low Sep 8 and the key near-term support
  • SUP 2: 98.935 - Low Sep 1
  • SUP 3: 98.990 - Low Aug 28

Despite dipping sharply lower on Sep 7, the contract has since recovered though and is looking to regain the territory it lost. A continued push higher at the start of this week resulted in a print up at 99.105. This opens 99.125, a Fibonacci projection level. Key near-term support is at 98.970, Sep 8 low.

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

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