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(M9) Off Cycle Highs *RES 3:...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Off Cycle Highs
*RES 3: 98.5278 - Uptrend from Sep'18
*RES 2: 98.5100 - All Time Highs
*RES 1: 97.5967 - First Pivot Resistance (97.1900 - 98.5100)
*PRICE: 98.460 @ 16:14 BST, May 30
*SUP 1: 98.2327 - 50-dma
*SUP 2: 98.0413/97.7229 100/200-dma's
*SUP 3: 97.1900 - Nov 9 low
*SUP 4: 97.1450 - Jun7/8 low
The Aussie 10-Yr retraced further off cycle highs of 98.5100 Thursday. Technical
indicators have eased somewhat, but remain close to overbought conditions after
the RSI challenging its highest levels since late March. Any further move higher
would see bulls target the uptrend from September at 98.5278. To the downside,
50-dma support is the first level at 98.2327, below here opens the 100-dma at
98.0413, ahead of the 200-dma at 97.7230.

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