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AUSSIE 3-YEAR TECHS: (M9) Momentum Still Tilted Higher
*RES 3: 99.011 - 123.6% Fib Projection (97.775-98.775)
*RES 2: 98.835 - 1st Pivot Resistance 98.520-98.775
*RES 1: 98.775 - All Time High
*PRICE: 98.735 @ 15:36 BST Apr 26
*SUP 1: 98.539 - 23.6% Fib Retracement (97.775 - 98.775)
*SUP 2: 98.529 - 50-dma
*SUP 3: 98.368 - 100-dma
A quiet Friday followed the ANZAC day market closures Thursday, keeping Aussie
bond futures in sync with Wednesday's close. The particularly disappointing CPI
report for Q1 continues to exert focus ahead of the RBA May rate decision,
keeping bulls on the front foot headed into the new week. This sees upside
targets shift to 1st pivot resistance at 98.835 and the 123.6% Fib projection at
99.011. Momentum obviously continues to point higher, but any downside move may
find support at the 50-dma at 98.529.