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(M9) One Directional *RES 3:...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) One Directional
*RES 3: 98.7933 - First Pivot Resistance (97.1900 - 98.3950)
*RES 2: 98.4953 - Uptrend from Sep'18
*RES 1: 98.3950 - All Time Highs (May17)
*PRICE: 98.3900 @ 16:26 BST, May 22
*SUP 1: 98.1809 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Resistance ahead of the previous all time highs gave way Wednesday, notching
another gain up to the 98.3950 level. Those who bought into the weakness in the
RSI earlier in the week were well rewarded, and the RSI now sits bordering on
overbought. Any move higher initially targets the uptrend from September 2018
highs at 98.4953 ahead of the first pivot resistance at 98.7933. To the
downside, 98.1809 50-dma support is the first level and a break below here will
return focus lower, with 97.19 the medium-term target.

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