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(H9) 98.00 Handle Key *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) 98.00 Handle Key
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 98.0000 - Psychological handle
*PRICE: 97.9825 @ 16:38 GMT, Mar 11
*SUP 1: 97.6141 - 100-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Following fresh contract highs printed Friday, 10yr futures went nowhere fast in
the Monday session, with the day's range well within the levels seen
Thursday/Friday. This keeps focus on the 98.00 handle, which becomes key for
bulls looking to keep pressure mounting to the upside. Any break above 98.00
would open all-time highs of 98.20. Recent price action has solidified the
50-dma as firm support at 97.8143. A break below here would keep the 100-dma in
view at 97.6141. A fall through here would see bears regain control, targeting a
move toward the 61.8% Fib retracement of 91.19-97.965 & 200-dma at 97.4861/4782.

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