LOOK AHEAD: Economic Data Calendar 06/02/2026

• RES 3: 140.08 - High Jun 13  
• RES 2: 139.05 - High Aug 4 
• RES 1: 137.30 - High Sep 8 and key short-term resistance
• PRICE: 132.09 @ 16:08 GMT Jan 6
• SUP 1: 132.03 2.0% Lower Bollinger Band
• SUP 2: 131.87 - Low Jan 5
• SUP 3: 131.22 - 1.0% 10-dma envelope  

Prices traded to new pullback and cycle lows again Monday, weighed by building expectations of a BoJ rate hike cycle and a breach of support in futures prices. This affirms the firm downtrend that’s dominated prices since mid-September, and prices will need to challenge resistance before signaling any broader reversal.

After printing fresh pullback lows just before the end of 2025, the 3-year futures contract has effectively traded sideways over the past month, in the process working off its oversold technical condition.

• As a result, the contract now appears well positioned for a meaningful move in either direction should today’s CPI print deliver a material upside or downside surprise relative to market expectations.
• That said, with RBA-dated OIS pricing showing almost two 25bp hikes by December 2026, there is likely some limit to how far the market is willing to run ahead of RBA guidance.
• Nonetheless, a higher-than-expected CPI outcome would likely refocus attention on 95.480 as the next key support level in the continuous contract. 

Source: Bloomberg Finance LP

• RES 3: 95.982 - 76.4% retracement Sep’24 - Nov’24 downleg
• RES 2: 95.960 - High Apr 7 (cont.)
• RES 1: 95.900 - High Oct 17
• PRICE: 95.170 @ 16:08 GMT Jan 6
• SUP 1: 95.120 - Low Dec 10
• SUP 2: 95.087 - 2.0% Lower Bollinger Band
• SUP 3: 94.276 - 1.0% 10-dma envelope

Aussie 10-yr futures remain well toward the bottom of the recent range, having taken out all major support levels in the process. With 95.275 cleared, prices are pushing to new contract lows, opening vol-band support through 95.087 and into 94.276. Any recoveries need to break back above 95.900 to signal near-term bullish traction.