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(Z0) Upside Case Intact

  • RES 3: 99.864 - 3.0% Upper Bollinger Band
  • RES 2: 99.847 - 23.6% Sep 22 - 23 Projection
  • RES 1: 99.820 - Alltime High Sep 23
  • PRICE: 99.780 @ 15:54 BST Oct 2
  • SUP 1: 99.675 - Low Sep 7 and key support
  • SUP 2: 99.665 - Low Sep 2
  • SUP 3: 99.660 - Low Aug 28 and 31 and low Sep 1

The Aussie bond price surge at the tail-end of September keeps the upside case in tact. The impulsive rally up to 99.820 on Sep23 didn't last, but still points to upside potential in the short-term. Prices were generally flat across the week, however, providing few fresh technical signals. First levels to the upside rest at vol band resistance of 99.835.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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