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(Z1) Remains Fragile

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20, 2020
  • RES 2: 98.996 - 76.4% retracement of the Oct '20 - Feb sell-off
  • RES 1: 98.780 - High Sep 16
  • PRICE: 98.030 @ 15:32 BST Oct 29
  • SUP 1: 97.855 - Low Oct 29
  • SUP 2: 97.625 - 76.4% 2018-20 Range
  • SUP 3: 97.485 - Low Mar 19, 2020

Aussie 10y futures remain fragile, evidenced in Friday's decline to 97.855. This saw prices take out major Fib support at 97.957, opening losses down to 97.625/485. For the outlook to stabilise, markets need to re-close back above 98.045, but the trend remains resolutely negative.

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

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