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AUSSIE 10-YEAR TECHS: (Z4) Short-Term Uptrend

AUSSIE 10-YEAR TECHS
Fixed Income Technical AnalysisBulletAPACFixed Income BulletsAustraliaMarkets
  • RES 3: 96.975 - High Mar 14 
  • RES 2: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • PRICE: 95.686 @ 20:29 GMT Dec 12
  • SUP 1: 95.635 - 38.2% Fib Retracement Nov-Dec Upleg
  • SUP 2: 95.567 - 50.0% Fib Retracement Nov-Dec Upleg
  • SUP 3: 95.275 - Low Nov 14

Aussie 10-yr futures have pulled back from their most recent highs. Despite the pullback, a short-term bull cycle remains in play. A continuation higher would refocus attention on resistance at the 96.207 level, a Fibonacci retracement. On the downside, a stronger bearish reversal would instead expose 95.635 initially, ahead of support at 95.567, Fibonacci retracement points.

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  • RES 3: 96.975 - High Mar 14 
  • RES 2: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • PRICE: 95.686 @ 20:29 GMT Dec 12
  • SUP 1: 95.635 - 38.2% Fib Retracement Nov-Dec Upleg
  • SUP 2: 95.567 - 50.0% Fib Retracement Nov-Dec Upleg
  • SUP 3: 95.275 - Low Nov 14

Aussie 10-yr futures have pulled back from their most recent highs. Despite the pullback, a short-term bull cycle remains in play. A continuation higher would refocus attention on resistance at the 96.207 level, a Fibonacci retracement. On the downside, a stronger bearish reversal would instead expose 95.635 initially, ahead of support at 95.567, Fibonacci retracement points.