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Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA

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AUSSIE 10-YEAR TECHS: (M0) Inside Session, Needs to Top 99.20
*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: 99.0550 @ 15:47 BST, May 12
*SUP 1: 98.6300 - Low Mar 18
*SUP 2: 98.5700 - Low Jan 2
*SUP 3: 98.1828 - 1.0% 10-dma envelope
Markets started the week on the backfoot, erasing recent progress higher and
that remains the case Tuesday. Bears now eye a slip 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. 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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