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(Z0) Off Recent Highs

AUSSIE 10-YEAR TECHS
  • RES 3: 99.263 - 3.0% Upper Bollinger Band
  • RES 2: 99.185 - High Aug 5
  • RES 1: 99.180 - High Sep 23
  • PRICE: 99.135 @ 17:07 BST Oct 9
  • SUP 1: 99.055 - Low Sep 18 and 21
  • SUP 2: 98.970 - Low Sep 8 and a key support
  • SUP 3: 98.935 - Low Sep 1

Aussie 10y futures are trading below recent highs but remain above an initial support at 99.08, Oct 2 low. A break of this level would signal scope for deeper near-term setback and expose 99.055, Sep 18 low. While support holds, the outlook remains bullish. First resistance and the bull trigger remains at the Sep 23 high of 99.180. A break above would expose the highest levels since August and also highlight a potential major breakout.

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

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