Free Trial

(Z9) 50-dma Done *RES 3:........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z9) 50-dma Done
*RES 3: 99.578 - 3.0% Upper Bollinger Band
*RES 2: 99.551 - 23.6% Extension of Sep 16 - Oct 7
*RES 1: 99.460 - All Time High
*PRICE: 99.280 @ 14:55 GMT Oct 11
*SUP 1: 99.270 - Oct 11 Low
*SUP 2: 99.193 - 100-dma
*SUP 3: 99.177 - 2.0% Lower Bollinger Band
Selling pressure picked up further Friday, falling comfortably through several
levels of support and denting the outlook materially. This looks to close out
any strength seen since the RBA rate cut last week as bullish fatigue fully sets
in. The 100-dma becomes next support, which bears initially target. Vol band
resistance at 99.578 and Fib extensions at 99.551 remain the first targets to
the upside.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.