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(M9) RBA Keeps Highs Within....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) RBA Keeps Highs Within Range
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.2704 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.1800 @ 14:44 BST, Apr2
*SUP 1: 97.9483 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
While the RBA kept rates unchanged Tuesday, they made it explicit that they are
to follow policy that will actively support growth and price level targets - a
veiled threat that if conditions deteriorate (which they are expected to do)
then rate cuts may follow. This put an end to the recent pullback in prices,
keeping alltime highs of 98.2850 within range and targets at the first pivot
resistance at 98.6367. A correction back below 98.0375 will begin to look more
worrying for bulls, marking the 50% retracement of the recent uptick. To the
downside, the 50-dma holds as firm support at 97.9483.

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