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(M9) Momentum Sapped *RES 3:...>

AUSSIE 10-YEAR TECHS
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: 98.1900 @ 16:07 BST, Apr 30
*SUP 1: 98.0579 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Asia-Pac bond markets were quiet Tuesday, with the absence of Japanese markets
still sapping volume and liquidity for much of this week. Near-term focus
remains lower, with the 98.0579 50-dma support nearing and a break below here
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.

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