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(M9) All Time Highs Sold.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) All Time Highs Sold Quickly
*RES 3: 98.7233 - First Pivot Resistance (97.1900 - 98.3350)
*RES 2: 98.4737 - Uptrend from Sep'18
*RES 1: 98.3550 - All Time Highs (May16)
*PRICE: 98.3300 @ 15:20 BST, May 16
*SUP 1: 98.1486 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Dour jobs numbers helped Aussie 10yr futures touch another cycle high (this time
up at the 98.3550 mark) as bulls clearly remain in control as data continues to
surprise to the downside. The RSI actually managed to dip lower following the
move, showing this bull run may still have legs. This initially targets the
uptrend from September 2018 highs at 98.4737 ahead of the first pivot resistance
at 98.7233. To the downside, 98.1486 50-dma support is the first level and a
break below here will return focus lower, with 97.19 the medium-term target.

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