(M0) Inching Higher *RES 3:....>

AUSSIE 10-YEAR TECHS: (M0) Inching 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: 99.2600 - High Mar 12

*PRICE: 98.8800 @ 16:03 GMT, Mar 20

*SUP 1: 98.6300 - Low Mar 18

*SUP 2: 98.5700 - Low Jan 2

*SUP 3: 98.1305 - 1.0% 10-dma envelope

Intraday volatility surged Thursday on the RBA announcement, prompting a sharp

move lower to 97.4850. Nonetheless, the recovery was swift and has net no impact

on the technical outlook. The retains the short-term downtrend as the correction

that has unfolded off the Mar 10 high of 99.4850 appears likely to extend. This

opens early 2020 lows at 98.5700. On the upside, a break of resistance at

99.3600, Mar 12 high is needed to ease the current bearish risk and open the

99.4850 bull trigger, Mar 10 high.