CNH: CNH Outperforms Further USD Gains, US Tech Curbs Remain In Focus

• RES 3: 97.190 - High May 5 2023
• RES 2: 96.932 - 76.4% of Mar-Nov ‘23 bear leg 
• RES 1: 96.860 - High Apr 07
• PRICE: 96.710 @ 16:34 GMT Apr 28
• SUP 1: 95.900 - Low Jan 14  
• SUP 2: 95.760 - Low 14 Nov ‘24
• SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Aussie 3-yr futures continue to circle just below recent contract highs, having cleared resistance on the continuation contract. The rally has taken out resistance at 96.730, the Sep 17 ‘24 high. On the downside, any reversal lower from current levels would signal a resumption of a downtrend. A deeper sell-off would refocus attention on 95.760, the 14 Nov ‘24 low. 

RBA Assistant Governor Kent will speak later today, 12:05pm local time (0305BST). His speech per the RBA website is as follows: 
"Keynote speech by Christopher Kent, Assistant Governor (Financial Markets) – Australia’s External Position and the Evolution of the FX Markets – at Bloomberg, Sydney." 

• Monetary policy may is therefore unlike to be covered. Note the next central bank meeting for the RBA is on 19-20 of May.