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Consolidating Trend *RES 3:.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: Consolidating Trend
*RES 3: 99.007 - 1st Pivot Resistance 98.520-98.850
*RES 2: 98.983 - 123.6% Fib Projection (98.520-98.895)
*RES 1: 98.920 - All Time High
*PRICE: 98.890 @ 1545 BST May 28
*SUP 1: 98.698 - 50-dma
*SUP 2: 98.650 - 23.6% Fib Retracement (97.775 - 98.920)
*SUP 3: 98.507 - 100-dma
Despite a minor retracement off recent cycle highs, Aussie bond futures remain
in a consolidation phase and keeps the bullish trend intact. 1st pivot
resistance is eyed at 98.983 as the medium target, with 99.007 providing some
resistance ahead of that mark. Bulls may have trouble pushing prices to further
highs going forward, with technical indicators continuing to generate overbought
conditions. To shift the outlook negative, a retracement below the 98.650 mark
is needed, further support is located at 98.507 from the 100-dma.

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