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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: 98.1850 @ 17:50 BST, May 2
*SUP 1: 98.0704 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Aussie 10yr futures failed to mimic 3yr futures by ekeing out fresh alltime
highs this week, with downside pressure resuming following the somewhat hawkish
turn from the Fed Wednesday. This leaves bulls with the unenviable task of
taking on alltime highs from March 27th at 98.2850 to regain momentum. To the
downside, 98.0704 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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