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(Z0) Attempting An Extension Higher

US 10YR FUTURE TECHS
  • RES 3: 99.480 - High Mar 10 and the all-time high
  • RES 2: 99.360 - High Apr 2 (cont)
  • RES 1: 99.290 - High Oct 16
  • PRICE: 99.125 @ 16:14 GMT Nov 23
  • SUP 1: 98.985 - Low Nov 11
  • SUP 2: 98.970 - Low Sep 8
  • SUP 3: 98.935 - Low Sep 18 and 21

Aussie 10yr futures took a knock on Nov 17, edging lower as Moderna released positive efficacy results for their COVID vaccine. Nonetheless, prices have since rebounded and resumed the recovery from the Nov 12 low. Last week's break above the 20- day and 50-day EMAs is a positive development and signals scope for a climb towards key resistance at 99.290, Oct 16 high. Key support and bear trigger is at 98.985.

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