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(Z2) Breaches Support

AUSSIE 3-YEAR TECHS
  • RES 3: 97.975 - High Mar 16
  • RES 2: 97.530 - High Mar 31
  • RES 1: 96.814/97.295 - High Aug 2 / 3
  • PRICE: 96.470 @ 15:46 BST Sep 19
  • SUP 1: 96.420 - Low Sep 16
  • SUP 2: 96.375 - Low Jun 28
  • SUP 3: 95.960 - Low Jun 17

A bearish threat in Aussie 3yr futures remains present. The contract has traded below support at 96.520, the Aug 30 low. A clear break of this level would strengthen bearish conditions and pave the way for an extension towards 95.960, the Jun 17 low and a key support on the continuation chart. On the upside, key short-term resistance has been defined at 96.814, Sep 9 high, where a break would alter the picture.

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

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