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(M9) Higher Highs *RES 3:......>

AUSSIE 10-YEAR TECHS: (M9) Higher 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 (Mar27)
*PRICE: 98.2600 @ 16:24 BST, May 8
*SUP 1: 98.0966 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Despite the setback from the RBA earlier in the week, Aussie 10yr bond futures
caught a bid Wednesday, topping out at 98.3050, a new all time high. Printing of
higher highs this week will switch focus to the uptrendline drawn from September
2018 highs, which currently kicks in at 98.4412. To the downside, 98.0966 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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