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(M9) Eyes on the Uptrend.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Eyes on the Uptrend
*RES 3: 98.5800 - First Pivot Resistance (97.1900 - 98.2450)
*RES 2: 98.2704 - Uptrend from Sep'18
*RES 1: 98.2650 - All Time Highs (Mar25)
*PRICE: 98.1850 @ 15:55 GMT, Mar 26
*SUP 1: 97.8974 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Following the strong close Monday, it's clear momentum remains in favour of the
bulls despite the modest pullback for the rest of Tuesday trade. The RSI remains
firmly in overbought territory at present, meaning further gains could be hard
to come by without some fresh upside impetus. As such, bulls target the
uptrendline drawn from Sep'18 highs, currently kicking in at 98.2704. Above
here, first pivot resistance lies at 98.5800. To the downside (remember that?),
early March price action solidified the 50-dma as firm support at 97.8974.

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