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(Z0) Tops Resistance

AUSSIE 10-YEAR TECHS
  • RES 3: 99.185 - High Aug 5
  • RES 2: 99.180 - 3.0% Upper Bollinger Band
  • RES 1: 99.130 - High Sep 21
  • PRICE: 99.110 @ 15:29 BST Sep 22
  • SUP 1: 98.970 - Low Sep 8 and the key near-term support
  • SUP 2: 98.935 - Low Sep 1
  • SUP 3: 98.990 - Low Aug 28

The outlook remains positive for Aussie 10yr futures, with prices pressing through first resistance at 99.105 as well as 99.125, a Fibonacci projection level. The break and close above here opens the early August highs at 99.185. Key near-term support is at 98.970, Sep 8 low.

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

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