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(M9) Reaches Best Levels.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Reaches Best Levels Since Sep 2016
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.1800 - Sep1 2016 High
*RES 1: 98.0900 - Oct3 2016 High
*PRICE: 98.0850 @ 14:47 GMT, Mar 20
*SUP 1: 97.8587 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The Wednesday session saw Aussie 10y futures equal levels printed on Oct3 2016
up at 98.09, proving once again that bulls are in the driving seat. A firm break
and close above here will open September 2016 highs of 98.18 as well as the
all-time highs printed at 98.20. However, the likelihood of a small pause to
this rally is rising. The Tuesday bump higher knocked the RSI into 'overbought'
territory. To the downside, recent price action has solidified the 50-dma as
firm support at 97.8587. 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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