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(M9) Going Nowhere Fast *RES...>

AUSSIE 10-YEAR TECHS: (M9) Going Nowhere Fast
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.4034 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.1950 @ 17:23 BST, May 3
*SUP 1: 98.0758 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Aussie 10yr futures found some support on the back of the US nonfarm payrolls
report, but recent ranges were largely respected. This leaves bulls with the
unenviable task of taking on alltime highs from March 27th at 98.2850 to regain
momentum. To the downside, 98.0758 50-dma support is the first target and a
break below here will return focus lower, with 97.19 the ultimate target.

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