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(M0) Finishes Close to the.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M0) Finishes Close to the Week's Best Levels
*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: 99.0950 @ 16:13 BST, May 15
*SUP 1: 98.6300 - Low Mar 18
*SUP 2: 98.5700 - Low Jan 2
*SUP 3: 98.0971 - 1.0% 10-dma envelope
Having started the week on the backfoot, Aussie bonds traded well into the close
of the week, but failed to clear downtrendline resistance at 99.1394 now the
Monday high has been topped. Prices must break through 99.02 to mark down the
outlook, opening further losses down to the late March lows of 98.63, but that
seems a way away at present.

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