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AUSSIE 10-YEAR TECHS: (M0) Edging Higher
*RES 3: 99.5598 - 1.236 projection of the Jan 2 -Feb 4 rally from Feb 13 low
*RES 2: 99.4850 - High Mar 10 and bull trigger
*RES 1: 99.3600 - High Apr 01
*PRICE: 99.1550 @ 15:55 BST, May 4
*SUP 1: 98.6300 - Low Mar 18
*SUP 2: 98.5700 - Low Jan 2
*SUP 3: 98.1828 - 1.0% 10-dma envelope
After a considerable consolidation phase, Aussie 10yr futures continued to edge
higher Monday, extending the recovery from the recent bottom at 99.0350, the
lowest level since early April. A slip through 99.02 would mark down the
outlook, opening further losses down to the late March lows of 98.63, but that
seems a way away at present. Any recovery eyes initially a break of resistance
at 99.3600, Mar 12 high. A break above here opens the 99.4850 bull trigger, Mar
10 high.

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