Free Trial

(Z1) Sell-Off Resumes

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: 98.835 @ 15:55 BST Oct 27
  • SUP 1: 98.775 - Low Oct 27
  • SUP 2: 98.768 - 50.0% 2018 - 2020 Range
  • SUP 3: 98.510 - 61.8% 2018 - 2020 Range

Short-end Aussie bonds sold off sharply Wednesday in response to a solid CPI report, plumbing a new low at 98.775. This puts the day's low at just above the lowest levels since mid-2019, opening key Fib supports on the way lower at 98.768 and 98.510. The outlook remains resolutely bearish.

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

To read the full story

Close

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.