December 02, 2022 20:27 GMT
(Z2) Bullish Extension
AUSSIE 10-YEAR TECHS
- RES 3: 97.185 - High Apr 5
- RES 2: 97.040 - Aug 03
- RES 1: 96.760 - High Aug 16
- PRICE: 96.655 @ 20:13 GMT Dec 2
- SUP 1: 95.930/675 - Low Nov 8 / Low Oct 21
- SUP 2: 95.670 - Low Jun 17
- SUP 3: 95.590 - Low Dec 2013 and a key medium-term support
Aussie 10yr futures continue to climb. A key short-term resistance at 96.355, Oct 6 high, has recently been breached. This strengthens a short-term bullish position and the latest follow through reinforces this theme. Recent gains also highlight a positive price sequence of higher highs and higher lows, signalling scope for an extension. The 200-day EMA has been cleared, opening 96.760, Aug 16 high. Key support is 95.670, Jun 17 low (cont).
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