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(M9) Momentum Picks Up,........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Momentum Picks Up, Retargeting Alltime Highs
*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: 98.2350 @ 17:39 BST, May 1
*SUP 1: 98.0656 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
After a quiet start to the week, Aussie 10yr futures surged higher Wednesday,
allowing bulls to bring alltime highs from March 27th into view at 98.2850.
After a prevailing neutral outlook, any further creep higher will add to the
bullish picture, with the uptrend drawn from September 2018 kicking in just
above alltime highs at 98.4142. To the downside, 98.0656 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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