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(Z1) Shallow Bounce

  • RES 3: 98.880 - High Aug 31 2021
  • RES 2: 98.755 - High Sep 23
  • RES 1: 98.390 - High Oct 15 and a key S/T resistance
  • PRICE: 98.260 @ 15:29 GMT Dec 01
  • SUP 1: 97.855 - Low Oct 29
  • SUP 2: 97.625 - 76.4% 2018-20 Range
  • SUP 3: 97.485 - Low Mar 19, 2020

Strength across Aussie 10y futures remains evident after last Friday’s rally, with prices rising to touch 98.345. This opens the potential for gains towards 98.390, the Oct 15 high. The broader trend outlook remains bearish however and any resumption of weakness would refocus attention on the bear trigger at 97.855, Oct 29 low.

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