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(M9) Returns to Neutral *RES....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Returns to Neutral
*RES 3: 99.187 - 1st Pivot Resistance 98.520-98.820
*RES 2: 99.067 - 123.6% Fib Projection (97.775-98.820)
*RES 1: 98.820 - All Time High
*PRICE: 98.730 @ 16:15 BST May 8
*SUP 1: 98.573 - 23.6% Fib Retracement (97.775 - 98.820)
*SUP 2: 98.591 - 50-dma
*SUP 3: 98.422 - 100-dma
Aussie bond futures followed their US counterparts Wednesday, seeing a modest
bid tone before selling off in the afternoon. Nonetheless, Aussie bonds hold
comfortably above the week's lows headed into the Thursday session. The
over-arching bullish picture remains in tact, with a retracement below the
98.573 mark needed to weaken the current momentum. Any climb north of all time
highs shifts targets to the 1st pivot resistance at 99.187 and the 123.6% Fib
projection at 99.067. Momentum obviously continues to point higher for now, but
any downside move may find support at the 50-dma at 98.591.

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