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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: 97.9650 @ 16:38 GMT, Mar 8
*SUP 1: 97.6069 - 100-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
10y futures edged to fresh contract highs Friday, topping out at 97.99 and just
shy of psychological resistance at the 98 handle. This keeps 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 97.8082. A break below
here would keep the 100-dma in view at 97.6069. 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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