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(H9) Contract Highs - Where....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Contract Highs - Where Next?
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 98.0000 - Psychological handle
*PRICE: 97.9600 @ 16:18 GMT, Mar7
*SUP 1: 97.5999 - 100-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
10y futures equalled contract highs up at 97.9650 Thursday as ECB dovishness and
a global bond rally underpinned. This puts prices at the best levels since late
2016 and not too far off the all-time highs of 98.2000. Recent price action has
solidified the 50-dma as firm support at 97.8012. A break below here would keep
the 100-dma in view at 97.5999. 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 97.4861/4717.

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