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(M9) Plays the Range *RES 3:...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Plays the Range
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.1800 - Sep1 2016 High
*RES 1: 98.0900 - Oct3 2016 High
*PRICE: 98.0300 @ 15:19 GMT, Mar 18
*SUP 1: 97.8421 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The Monday session was a quiet one for Aussie 10yr futures, with prices
retaining last week's range, but hovering close to recent highs of 98.0550. This
keeps pressure to the upside, with bulls initially targeting the Oct3 2016 highs
at 98.0900. This kept the RSI bumping along comfortably below the 'overbought'
dangerzone, and repairs the upside argument across the medium-term. All-time
highs of 98.20 remain in view. To the downside, recent price action has
solidified the 50-dma as firm support at 97.8421. A break below here would open
the 97.6921 mark, the 38.2% Fib retracement for the 97.1900-98.0025 move.

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