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Free Access(Z0) Remains Strong on RBA Support
- RES 3: 100.00 - Psychological round number
- RES 2: 99.886 - 3.0% Upper Bollinger Band
- RES 1: 99.860 - All time High Nov 3 and the bull trigger
- PRICE: 99.825 @ 16:02 BST Nov 16
- 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
Aussie 3yr futures retain support as the RBA cut their 3-yr yield target at the most recent meeting, boosting prices to new alltime highs up at 99.860. This further confirms bullish trend conditions, leaving the downside argument particularly fractious. A break of 99.860, the Nov 3 high opens 99.889. Support is at 99.760.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.