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(Z1) Narrowing Gap With Bear Trigger

AUSSIE 3-YEAR TECHS
  • RES 3: 99.927 - All time High Nov 3 and the bull trigger (cont)
  • RES 2: 99.860 - High Jun 14 (cont)
  • RES 1: 99.795 - High Aug 20 cont)
  • PRICE: 99.525 @ 15:40 BST Sep 30
  • SUP 1: 99.515 - Low Sep 28
  • SUP 2: 99.490 - Low Jul 6 (cont)
  • SUP 3: 99.460 - Low Jun 21 (cont) and bear trigger

Aussie 3y futures slipped alongside global bond markets Tuesday as the S/T bearish condition dominates and the contract pulls away from recent highs. Markets showed below 99.555, Sep 9 low. A confirmed break would suggest scope for a deeper pullback and opens losses toward the Jul 6 low initially at 99.490 and the Jun 21 (and 2021) low at 99.460.

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

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