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(H9) Bullish Argument Still....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Bullish Argument Still Intact
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.8650 @ 16:22 GMT, Feb 12
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
10y futures retreated for a second session Tuesday, pulling back some of the
sharp gains seen last week. At present, the price action resembles profit-taking
rather than anything more sinister, with a break below uptrend support at 97.75
needed to shift the outlook more bearish. In the medium-term, markets remain on
course for a test of the year's best levels as well as the Oct3 2016 highs at
98.09. To the downside, bears need to clear the 50-dma at 97.6863 to fully
regain control, targeting a move toward the 61.8% Fib retracement for the
91.19-97.965 move at 97.4861.

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