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(Z0) On the Front Foot

AUSSIE 10-YEAR TECHS
  • RES 3: 99.3600 - High Apr 02 (cont)
  • RES 2: 99.2250 - High Apr 17 (cont)
  • RES 1: 99.1850 - High Aug 5 (cont)
  • PRICE: 99.0500 @ 15:57 BST, Sep 3
  • SUP 1: 98.9350 - Low Aug 28 (cont)
  • SUP 2: 98.8100 - Low Jun 8 (cont)
  • SUP 3: 98.7210 - 61.8% Mar 10 - 19 Downleg (cont)

The roll to the Dec'20 contract is now complete, and the usual dip has been erased into the Thursday close. This retains the recent range, bringing the mid-June lows into view, although the sideways activity is still expected to continue to dominate. A break of the 98.8100, the range base or 99.1850 is required to signal a clearer directional move.

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