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(Z3) Medium-Term Trend Direction Remains Bearish

AUSSIE 10-YEAR TECHS
  • RES 3: 96.160 - High Jul 20
  • RES 2: 96.050 - HIgh Sep 4 and a key resistance
  • RES 1: 95.924 - High Sep 15
  • PRICE: 95.635 @ 20:29 BST Sep 21
  • SUP 1: 95.550 - 1.00 proj of the Jul 20 - Aug 17 - Sep 4 price swing
  • SUP 2: 95.300 - 1.50 proj of the Jul 20 - Aug 17 - Sep 4 price swing
  • SUP 3: 94.868 - 1.0% 10-dma envelope

Aussie 10 yr futures have traded lower. The broader trend direction is down and the key support and bear trigger at 95.660, the Aug 17 low, has been breached. The break of this level reinforces a bearish theme and also confirms the breach of a major support at 95.670, the Jun 17 2022 low, marking a resumption of the medium-term downtrend. Initial key resistance has been defined at 96.050, the Sep 4 high.

Fixed Income Technical AnalysisHomepagemarkets-real-timeCommoditiesBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeCommoditiesBulletMarketsFixed Income Bullets

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