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(M9) Elections Dent Momentum...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Elections Dent Momentum
*RES 3: 98.7500 - First Pivot Resistance (97.1900 - 98.3700)
*RES 2: 98.4791 - Uptrend from Sep'18
*RES 1: 98.3700 - All Time Highs (May17)
*PRICE: 98.3300 @ 16:12 BST, May 20
*SUP 1: 98.1639 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Prices pulled back slightly Monday on the back of the somewhat surprising
election results in Australia. The moves do little to deter the over-arching
upward momentum, with the RSI also retreating and allowing bulls to re-engage
with upside targets. Any move higher initially targets the uptrend from
September 2018 highs at 98.4791 ahead of the first pivot resistance at 98.7500.
To the downside, 98.1639 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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