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(H9) Lacking Direction *RES....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Lacking Direction
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.9000 @ 16:14 GMT, Feb26
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
After a firm rally last week (well toward the YTD high of 97.9650), bullish
momentum faded across the Friday session and that remains the driving force in
the first half of this week. Bears continue to target 97.8250 support, with last
Thursday's break higher not enough to shift the outlook bullish. The 50-dma at
97.7624 remains key support. A fall through here would see bears fully regain
control, targeting a move toward the 61.8% Fib retracement for the 91.19-97.965
move at 97.4861. To the upside, a break back above the Feb8 highs of 97.9350
would open 97.9650 and 98.09 above there.

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