Free Trial

(Z2) Stronger Start

  • RES 3: 97.975 - High Mar 16
  • RES 2: 97.530 - High Mar 31
  • RES 1: 96.814/97.295 - High Aug 2 / 3
  • PRICE: 96.445 @ 15:12 BST Oct 3
  • SUP 1: 96.115 - Low Sep 26
  • SUP 2: 95.960 - Low Jun 17
  • SUP 3: 95.581 - 1.0% 10-dma envelope

A bearish threat in Aussie 3yr futures remains present, although prices extended the bounce off recent lows through the delayed weekly open. Nonetheless, prices remain below support at 96.520, the Aug 30 low. The clear break here strengthens bearish conditions and paves the way for an extension towards 95.960, the Jun 17 low and a key support on the continuation chart. On the upside, key short-term resistance has been defined at 96.814, Sep 9 high, where a break would alter the picture.

MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.