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Free Access(Z9) Little Change *RES 4:......>
AUSSIE 3-YEAR TECHS: (Z9) Little Change
*RES 4: 99.368 -61.8% retracement of the Oct 8 - Nov 8 decline
*RES 3: 99.350 - High Oct 14
*RES 2: 99.311/315 - 50.0% of the Oct 8 - Nov 8 decline / Oct 25 high
*RES 1: 99.295 - High Nov 19
*PRICE: 99.275 @ 16:07 GMT Nov 20
*SUP 1: 99.165 - Low Nov 13
*SUP 2: 99.130 - Low Nov 12
*SUP 3: 99.070 - Low Nov 8 and key support
*SUP 4: 99.055 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
Having rallied for much of last week, Aussie 3yr futures briefly showed above
resistance at Friday's 99.285 high Tuesday. This is yet to negate the formation
of a shooting star, however, which continues to suggest the most likely next
mover is lower. Scope is seen for 99.165 initially. A break of 99.295 is
required to resume recent gains.
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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.