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

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Inches Higher
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.1800 - Sep1 2016 High
*RES 1: 98.0900 - Oct3 2016 High
*PRICE: 98.0750 @ 15:27 GMT, Mar 19
*SUP 1: 97.8509 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Tuesday saw fresh contract highs in Aussie 10yr futures, printing up at 98.08 as
housing data disappointed to the downside. This makes a test of, and rally
through, the Oct3 2016 high at 98.09 the next target. This keeps pressure to the
upside, with the 98.20 mark now a serious prospect. However, the likelihood of a
small pause to this rally is rising. The Tuesday bump higher has knocked the RSI
into 'overbought' territory. To the downside, recent price action has solidified
the 50-dma as firm support at 97.8510. A break below here would open the 97.6921
mark, the 38.2% Fib retracement for the 97.1900-98.0025 move.

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