November 10, 2022 23:15 GMT
(Z2) Outlook Flips Positive
AUSSIE 10-YEAR TECHS
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- RES 3: 97.185 - High Apr 5
- RES 2: 96.886/97.040 - High 200-dma / Aug 03
- RES 1: 96.390 - High Nov 10
- PRICE: 96.385 @ 15:30 GMT Nov 10
- SUP 1: 95.675 - Low Oct 21
- SUP 2: 95.670/613 - Low Jun 17 / 3.0% Lower Bollinger Band
- SUP 3: 95.590 - Low Dec 2013 and a key medium-term support
Key short-term resistance in Aussie 10yr futures at 96.355, the Oct 6 high, has given way, flipping the near-term outlook positive. This shifts focus to longer-term resistance at the 200-dma on the continuation contract at 96.667. Any resumption of weakness would pave the way for 95.670, the Jun 17 low on the continuation contract.
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