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(Z0) Focus Is On Key Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 99.222 - 3.0% Upper Bollinger Band
  • RES 2: 99.185 - High Aug 5 (cont)
  • RES 1: 99.180 - High Sep 23, 28, 29 and Oct 2 congestion
  • PRICE: 99.165 @ 18:51 BST Oct 14
  • SUP 1: 99.075 Low Oct and the key support
  • SUP 2: 99.055 - Low Sep 18 and 21
  • SUP 3: 98.970 - Low Sep 8

Aussie 10y futures remains bullish. Recent gains off 99.075, Oct 6 refocuses attention on the congestion area at 99.180 and a bull trigger. A break of this hurdle would confirm a resumption of the underlying uptrend and open 99.222, a Bollinger band projection. Key support has been defined at 99.075, Oct 6 where a break would threaten the bullish outlook and signal a near-term reversal.

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