(M0) Needs to Find Firmer......>

AUSSIE 10-YEAR TECHS: (M0) Needs to Find Firmer Footing

*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: 99.1250 @ 16:17 BST, Apr 24

*SUP 1: 98.6300 - Low Mar 18

*SUP 2: 98.5700 - Low Jan 2

*SUP 3: 98.1828 - 1.0% 10-dma envelope

Having flatlined for the past week or so, Aussie 10yr futures picked up slightly

across the past two sessions to inch back toward the April highs of 99.36. This

retains the broadly neutral outlook after recent acute intraday volatility and

negates the pre-existing downtrend and any further 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.