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(M9) NFPs Barely Halt..........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) NFPs Barely Halt Decline
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.2704 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.1000 @ 16:25 BST, Apr5
*SUP 1: 97.9679 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The Friday session was the only trading day this week not to register a decline
for the Aussie 10y bond space, with a poor US NFP report the sole support. While
near-term momentum has petered lower, this could easily be reversed on a
recovery back above 98.1775. On the downside, however, the 50-dma is now well
within range for bond bears, sitting at 97.9679 and a close below that mark will
open March lows at 97.7900 and the 100-dma at 97.7689.

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