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

AUSSIE 3-YEAR TECHS
AUSSIE 3-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 @ 16:04 GMT, Feb4
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
10yr futures held their recent range as markets await policy signals from the
Reserve Bank of Australia Tuesday, who are expected to keep rates unchanged.
This retains recent support/resistance levels and continues to suggest the
medium-term bullish argument is in tact. Recent highs of 97.8050 become 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 97.6257 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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