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Holding Firm *RES 3: 99.007 -...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: Holding Firm
*RES 3: 99.007 - 1st Pivot Resistance 98.520-98.850
*RES 2: 98.983 - 123.6% Fib Projection (98.520-98.895)
*RES 1: 98.920 - All Time High
*PRICE: 98.890 @ 1613 BST May 29
*SUP 1: 98.705 - 50-dma
*SUP 2: 98.650 - 23.6% Fib Retracement (97.775 - 98.920)
*SUP 3: 98.514 - 100-dma
Despite a minor retracement off recent cycle highs, Aussie bond futures remain
at elevated levels and keeps the bullish trend intact. 1st pivot resistance is
eyed at 98.983 as the medium target, with 99.007 providing some resistance ahead
of that mark. Bulls may have trouble pushing prices to further highs going
forward, with technical indicators continuing to generate overbought conditions.
To shift the outlook negative, a retracement below the 98.650 mark is needed,
further support is located at 98.514 from the 100-dma.

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