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AUSSIE 10-YEAR TECHS: (M9) Momentum Sapped
*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: 98.1750 @ 16:01 BST, Apr 29
*SUP 1: 98.0508 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
A quiet Monday session followed a quiet end to the week Friday, with Japan's
absence from markets keeping the Asia-Pac trading day thin. This sapped momentum
further for the bond bulls and a break below the 98.0508 50-dma will return
focus lower and dent the bullish argument materially. Bulls need to recover
98.2250 first and foremost before turning attention to all time highs at
98.2850. North of there the uptrend drawn from September 2018 kicks in at
98.4034 and may provide firmer resistance.