(M0) RBA Light a Fire *RES 3:...>

AUSSIE 3-YEAR TECHS: (M0) RBA Light a Fire

*RES 3: 99.719 - 1.236 projection of Dec 31 - Feb 3 rally from Feb 6 low (cont)

*RES 2: 99.750 - High Mar 09 and bull trigger

*RES 1: 99.720 - High Mar 19

*PRICE: 99.710 @ 15:32 GMT Mar 18

*SUP 1: 99.440 - Low Mar 16

*SUP 2: 99.300 - Recent low (cont)

*SUP 3: 99.225 - Low Feb 6 and 13 (cont)

The RBA's venture into bond markets at the Thursday meeting underpinned a sharp

rally in Aussie bonds across the curve - muddying the technical outlook

considerably. Nonetheless, key resistance still sits ahead at the 99.75 mark,

the Mar 9 high. Intraday, futures need to be able to trade above resistance at

99.680, Mar 13 high to cement a bullish outlook. A break of the Mar 16 low would

trigger deeper short-term losses and open the 99.300 level, a recent low of the

continuation chart.