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(Z0) Bullish Outlook Firming Further

AUSSIE 3-YEAR TECHS
  • RES 3: 99.780 - Alltime High Apr 1
  • RES 2: 99.753 - 3.0% Upper Bollinger Band
  • RES 1: 99.745 - High Sep 16
  • PRICE: 99.740 @ 17:18 BST Sep 16
  • SUP 1: 99.675 - Low Sep 7 and key support
  • SUP 2: 99.665 - Low Sep 2
  • SUP 3: 99.660 - Low Aug 28 and 31 and low Sep 1

Prices inched higher still Wednesday, hitting new cycle highs at 99.745. Volatile price action remains the theme for now. This opens the alltime high at 99.780 printed back in April as a viable target. 99.675 remains key S/T support. Weakness below 99.675 is required to dampen the current bullish sentiment.

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