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(M9) Bubble Deflates Further...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Bubble Deflates Further
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.2704 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.1800 @ 16:09 BST, Apr3
*SUP 1: 97.9555 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Aussie 10yr futures pulled back further from alltime highs (98.2850) Wednesday,
with buoyant China sentiment and a rallying global equity market pulling the rug
under the bullish argument. The 50-dma is now well within range for bond bears,
sitting at 97.9555 and a close below that mark will open March lows at 97.7900
and the 100-dma at 97.7525. For bulls, a recovery above the alltime highs is
needed to reverse momentum, opening first pivot resistance at 98.6367.

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