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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: 96.035 @ 14:50 BST Sep 23
  • SUP 1: 96.010 - 3.0% Lower Bollinger Band
  • SUP 2: 95.935 - Low Sep 22
  • SUP 3: 95.670 - Low Jun 17

Aussie 10yr futures have pulled further off recent highs and printed through the Sep 7 low to touch 95.935. This resumes the current bear cycle that started early August and paves the way for weakness toward 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.

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

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