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(Z2) Remains Vulnerable

AUSSIE 10-YEAR TECHS
  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185 - High Apr 5
  • RES 1: 97.040/099 - High Aug 03 / 200-dma
  • PRICE: 96.265 @ 16:26 BST Sep 21
  • SUP 1: 96.195 - Low Sep 20
  • SUP 2: 96.070 - Low Jun 24
  • SUP 3: 95.670 - Low Jun 17

Aussie 10yr futures have pulled back from recent highs and printed through the Sep 7 low to touch 96.195. This resumes the current bear cycle that started early August and paves the way for weakness towards the 96.000 handle and 95.670, the Jun 17 low. Moving average studies are in a bear mode set-up, highlighting a bearish theme. Key resistance is at 97.040, the Aug 3 high.

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