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(M9) Edges to New Highs *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Edges to New Highs
*RES 3: 98.6467 - First Pivot Resistance (97.1900 - 98.3050)
*RES 2: 98.4412 - Uptrend from Sep'18
*RES 1: 98.3050 - All Time Highs (May9)
*PRICE: 98.2750 @ 15:46 BST, May 9
*SUP 1: 98.1040 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Price action was thin, but didn't stop Aussie 10yr bond futures from keeping the
pressure on all time highs printed this week at 98.3050. Any recovery north of
here will switch focus to the uptrendline drawn from September 2018 highs, which
currently kicks in at 98.4412 and the first pivot resistance at 98.6467. To the
downside, 98.1040 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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