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Cycle Highs *RES 3: 99.007 -....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: Cycle Highs
*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: 98.885 @ 16:18 BST May 24
*SUP 1: 98.681 - 50-dma
*SUP 2: 98.650 - 23.6% Fib Retracement (97.775 - 98.920)
*SUP 3: 98.495 - 100-dma
Support from US treasuries helped Aussie bond futures across the curve Friday to
print fresh all time highs at 98.920. 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 starting to generate overbought conditions. To shift the
outlook negative, a retracement below the 98.650 mark is needed to weaken
momentum.

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