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AUSSIE 3-YEAR TECHS: (Z4) Bounce Mode

AUSSIE 3-YEAR TECHS
Fixed Income Technical AnalysisMarketsFixed Income BulletsBullet
  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.730/932 - High Sep 17 / 76.4% of Mar-Nov ‘23 bear leg 
  • PRICE: 96.276 @ 15:29 GMT Dec 11
  • SUP 1: 95.760 - Low Nov 13
  • SUP 2: 95.750 - Low 27 Nov ‘23
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Having hit a fresh pullback low at 95.760 across the global rates sell-off in mid-November, the market found bottom and has staged a shallow bounce back above the 96.00 handle. The dovish RBA rate decision has proved supportive. Support undercuts at 95.750 below ahead of major support of 95.480.

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  • RES 3: 96.380 - High Mar 21 2023
  • RES 2: 97.190 - High May 5 2023 
  • RES 1: 96.730/932 - High Sep 17 / 76.4% of Mar-Nov ‘23 bear leg 
  • PRICE: 96.276 @ 15:29 GMT Dec 11
  • SUP 1: 95.760 - Low Nov 13
  • SUP 2: 95.750 - Low 27 Nov ‘23
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Having hit a fresh pullback low at 95.760 across the global rates sell-off in mid-November, the market found bottom and has staged a shallow bounce back above the 96.00 handle. The dovish RBA rate decision has proved supportive. Support undercuts at 95.750 below ahead of major support of 95.480.