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(H9) Edges Closer to...........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Edges Closer to Overbought
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.1800 - Sep1 2016 High
*RES 1: 98.0900 - Oct3 2016 High
*PRICE: 98.0300 @ 15:39 GMT, Mar 13
*SUP 1: 97.8245 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Another day, another contract high and Aussie 10y futures look increasingly
comfortable trading with a 98 handle. This keeps the momentum comfortably in
favour of the bulls, however the RSI continues to inch toward overbought
territory and could mark the top in coming sessions. All-time highs of 98.20 are
next up. To the downside, recent price action has solidified the 50-dma as firm
support at 97.8245. A break below here would open the 97.6921 mark, the 38.2%
Fib retracement for the 97.1900-98.0025 move.

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