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AUSSIE 3-YEAR TECHS: (Z4) Bull Cycle Remains In Play

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: 96.138 @ 19:55 GMT Dec 12
  • 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 

Aussie 3-yr futures remain in a short-term uptrend following the reversal from the pullback low at 95.760, the Nov 13 low. A continuation higher would reinforce the current bullish condition and signal scope for an extension. The next key resistance is at 96.730, the Sep 17 high. For bears, a stronger reversal lower would refocus attention on 95.760 where a break would instead highlight a stronger bearish set-up.

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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: 96.138 @ 19:55 GMT Dec 12
  • 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 

Aussie 3-yr futures remain in a short-term uptrend following the reversal from the pullback low at 95.760, the Nov 13 low. A continuation higher would reinforce the current bullish condition and signal scope for an extension. The next key resistance is at 96.730, the Sep 17 high. For bears, a stronger reversal lower would refocus attention on 95.760 where a break would instead highlight a stronger bearish set-up.