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(M9) Fresh Cycle Highs *RES....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Fresh Cycle Highs
*RES 3: 98.5617 - First Pivot Resistance (97.1900 - 98.3150)
*RES 2: 98.4575 - Uptrend from Sep'18
*RES 1: 98.3150 - All Time Highs (May9)
*PRICE: 98.3100 @ 16:03 BST, May 13
*SUP 1: 98.1202 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
After a quiet spell to end the week, the Monday session finished with a bang as
a firm rally in US Treasuries dragged Aussie 10yr bonds through last week's
highs to print up at 98.3150. Any recovery north of here will switch focus to
the uptrendline drawn from September 2018 highs, which currently kicks in at
98.4575 and the first pivot resistance at 98.5617. To the downside, 98.1202
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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