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(M9) Pressure Still Points.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Pressure Still Points Higher
*RES 3: 98.6467 - First Pivot Resistance (97.1900 - 98.3050)
*RES 2: 98.4412 - Uptrend from Sep'18
*RES 1: 98.3050 - All Time Highs (May9)
*PRICE: 98.2750 @ 16:16 BST, May 10
*SUP 1: 98.1112 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Price action remains quiet Friday, but pressure continues to point higher for
Aussie 10yr bond futures, keeping all time highs printed this week at 98.3050 in
view. Any recovery north of here will switch focus to the uptrendline drawn from
September 2018 highs, which currently kicks in at 98.4412 and the first pivot
resistance at 98.6467. To the downside, 98.1112 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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