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Ending QE Early Would Be Hawkish... Right?

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(M9) Inflation-Inspired Boost...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Inflation-Inspired Boost Drives Fresh All Time High
*RES 3: 99.011 - 123.6% Fib Projection (97.775-98.775)
*RES 2: 98.835 - 1st Pivot Resistance 98.520-98.775
*RES 1: 98.775 - All Time High
*PRICE: 98.740 @ 15:22 BST Apr 24
*SUP 1: 98.539 - 23.6% Fib Retracement (97.775 - 98.775)
*SUP 2: 98.512 - 50-dma
*SUP 3: 98.351 - 100-dma
A particularly disappointing CPI report for Q1 saw Aussie bond futures rally
across the curve, etching out new highs in the 3yr sector of the curve at
98.775. This sees upside targets shift to 1st pivot resistance at 98.835 and the
123.6% Fib projection at 99.011. Momentum obviously continues to point higher,
but any downside move may find support at the 50-dma at 98.512.
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