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(H9) Resilience *RES 3:........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Resilience
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.7500 @ 16:08 GMT, Feb1
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
10yr futures remain resilient despite the highly correlated 3yr future
underperforming sharply in recent sessions. This suggests the medium-term
bullish argument remains in tact, with recent highs of 97.8050 becoming the
first target. For prices recover further, bulls need to tip above here to mount
any serious challenge on the Jan3 2019 high of 97.9650. To the downside, bears
need to clear the 50-dma at 97.6170 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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