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(M9) Lack of Rate Cut Fails....>

AUSSIE 10-YEAR TECHS: (M9) Lack of Rate Cut Fails to Deter
*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: 98.2450 @ 14:10 BST, May 7
*SUP 1: 98.0894 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Having been setback by the RBA's unchanged rate decision Tuesday, Aussie 10yr
futures had little difficulty closing the gap throughout US trading hours,
keeping the bullish focus on all time highs of 98.2850 printed on March 27th. To
the downside, 98.0894 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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