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(M9) Bumps Higher as Data.......>

AUSSIE 3-YEAR TECHS: (M9) Bumps Higher as Data Sours
*RES 3: 99.104 - 123.6% Fib Projection (97.775-98.850)
*RES 2: 98.933 - 1st Pivot Resistance 98.520-98.850
*RES 1: 98.850 - All Time High
*PRICE: 98.780 @ 16:00 BST May 15
*SUP 1: 98.639 - 50-dma
*SUP 2: 98.596 - 23.6% Fib Retracement (97.775 - 98.850)
*SUP 3: 98.463 - 100-dma
An unexpected jump in the April unemployment rate sent Aussie bond futures to
fresh all time highs across the curve Thursday, with the new high watermark now
sitting at 98.850. The moves continue to keep bulls on the front foot, with
pivot resistance now eyed at 98.933 as the first target. Further gains, however,
may not be so easily won as the RSI continues to bump into oversold levels. To
shift the outlook negative, a retracement below the 98.573 mark is needed to
weaken momentum.

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