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(M9) Cracks Uptrend............>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Cracks Uptrend Resistance
*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: 98.2650 @ 15:56 GMT, Mar 27
*SUP 1: 97.9083 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The dovish turn from the RBNZ overnight filtered through to Aussie bond space,
prompting fresh all time highs in 10yr futures up at 98.2850. Following the
strong close, it's clear momentum remains in favour of the bulls despite the
modest pullback on Tuesday. The RSI extended further into overbought, raising
the odds of a near-term pullback without any fresh upside impetus. As such,
bulls target first pivot resistance at 98.6367. To the downside (remember
that?), early March price action solidified the 50-dma as firm support at
97.9083.

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