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(M9) Outlook Unchanged *RES.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Outlook Unchanged
*RES 3: 99.187 - 1st Pivot Resistance 98.520-98.820
*RES 2: 99.067 - 123.6% Fib Projection (97.775-98.820)
*RES 1: 98.820 - All Time High
*PRICE: 98.745 @ 16:12 BST May 10
*SUP 1: 98.573 - 23.6% Fib Retracement (97.775 - 98.820)
*SUP 2: 98.606 - 50-dma
*SUP 3: 98.436 - 100-dma
Having printed all time highs earlier in the week, Aussie bond markets were
becalmed for a second session Friday, respecting the recent range. Nonetheless,
3yr futures hold comfortably above the week's lows headed into the new week,
keeping the overarching bullish picture in tact. To shift the outlook negative,
a retracement below the 98.573 mark is needed to weaken momentum. Any climb
north of all time highs shifts targets to the 1st pivot resistance at 99.187 and
the 123.6% Fib projection at 99.067.

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