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(M9) Receives Small Support....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Receives Small Support on Dovish ECB
*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: 98.1350 @ 16:23 BST, Apr 10
*SUP 1: 97.9895 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Following a quiet Tuesday, Aussie 10yr futures received a modicum of support
following a somewhat dovish ECB press conference, alongside global bond markets.
This saw prices edge above 98.13 but stalled well ahead of the 98.1950 printed
on April 3rd. Price action remains thin and tight, providing few fresh technical
signals in the near-term. For bulls to stage any recovery, 98.1775 is the first
target ahead of all time highs at 98.2850. On the downside, however, the 50-dma
is now well within range for bond bears, sitting at 97.9895 and a close below
that mark will open March lows at 97.7900 and the 100-dma at 97.7934.

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