Free Trial
BONDS

Govies and Rates lead higher

ENERGY

What to Watch: US and EU Oil Stock Data

SILVER TECHS

Bullish Price Sequence

BONDS

Pushing higher

HUNGARY

CPI Rises to 21.1% y/y in October

NATURAL GAS

TTF Eases Back as Wait For Cold Weather Continues

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z2) Sell-Rallies Theme Intact

AUSSIE 3-YEAR TECHS
  • RES 3: 97.975 - High Mar 16
  • RES 2: 97.530 - High Mar 31
  • RES 1: 96.920/97.295 - High Oct 4 and the bull trigger / High Aug 3
  • PRICE: 96.500 @ 15:39 GMT Nov 03
  • SUP 1: 96.070 - Low Sep 27 and near-term bear trigger
  • SUP 2: 95.960 - Low Jun 17
  • SUP 3: 95.410 - 1.0% 10-dma envelope

Aussie 3yr futures have erased the entirety of the early week’s strength, putting the price back to the mid-point of the recent range. This firms the view that short-term gains should be considered corrective and the primary trend direction remains down. Key resistance has been defined at 96.920, the Oct 4 high, where a break is required to signal a stronger reversal. On the downside, a resumption of weakness would expose key support at 96.070, Sep 27 low. Clearance of this level and 95.960, the Jun 17 low, would resume the broader downtrend.

149 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 3: 97.975 - High Mar 16
  • RES 2: 97.530 - High Mar 31
  • RES 1: 96.920/97.295 - High Oct 4 and the bull trigger / High Aug 3
  • PRICE: 96.500 @ 15:39 GMT Nov 03
  • SUP 1: 96.070 - Low Sep 27 and near-term bear trigger
  • SUP 2: 95.960 - Low Jun 17
  • SUP 3: 95.410 - 1.0% 10-dma envelope

Aussie 3yr futures have erased the entirety of the early week’s strength, putting the price back to the mid-point of the recent range. This firms the view that short-term gains should be considered corrective and the primary trend direction remains down. Key resistance has been defined at 96.920, the Oct 4 high, where a break is required to signal a stronger reversal. On the downside, a resumption of weakness would expose key support at 96.070, Sep 27 low. Clearance of this level and 95.960, the Jun 17 low, would resume the broader downtrend.