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(Z0) Broader Bullish Theme Intact

AUSSIE 3-YEAR TECHS
  • RES 3: 100.00 - Psychological round number
  • RES 2: 99.882 - 3.0% Upper Bollinger Band
  • RES 1: 99.840 - Alltime High Oct 6 and the bull trigger
  • PRICE: 99.8205 @ 18:27 BST Oct 13
  • SUP 1: 99.760 - Low Oct 1 and 2
  • SUP 2: 99.705 - Low Sep 18, 21 and 22
  • SUP 3: 99.675 - Low Sep 7 and key support

The Aussie 3yr bond price surge at the tail-end of September and early October confirmed bullish trend conditions. The recent period of consolidation is viewed as a pause in the uptrend and in pattern terms has taken on the appearance of a bull flag. This is a continuation pattern and reinforces the current trend condition. A break of 99.840, Oct 7 high would open 99.882, a Bollinger band objective. 99.760 marks support, Oct 1 and 2 low.

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