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(Z3) Multi-Month Lows

AUSSIE 3-YEAR TECHS
  • RES 3: 97.380 - High Mar 21 and a major resistance (cont)
  • RES 2: 97.190 - High May 5 (cont)
  • RES 1: 96.340/96.670 - High Aug 9 and Sep 4 / High Jun 2
  • PRICE: 95.550 @ 15:29 GMT Oct 31
  • SUP 1: 95.541 - 2.618 proj of the Mar 21 - May 2 - May 5 price swing
  • SUP 2: 95.540 - Low Oct 31
  • SUP 3: 95.300 - 3.00 proj of the Mar 21 - May 2 - May 5 price swing

Aussie 3yr futures traded lower again Tuesday, solidifying the break below support at 95.970, the Jul 26 low (cont) and the base of the recent range. Clearance of this level strengthens a bearish theme and highlights potential for a move towards 95.541, 2.618 proj of the Mar 21 - May 2 - May 5 price swing. Key resistance and the top of the range is at 96.340, Aug 9 / Sep 4 high. A break would be a bullish development.

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