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

AUSSIE 3-YEAR TECHS: (M9) Sticks 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: 98.750 @ 15:41 BST May 9
*SUP 1: 98.573 - 23.6% Fib Retracement (97.775 - 98.820)
*SUP 2: 98.599 - 50-dma
*SUP 3: 98.429 - 100-dma
Having printed all time highs earlier in the week, Aussie bond markets were
becalmed Thursday, respecting the recent range. Nonetheless, 3yr futures hold
comfortably above the week's lows headed into the Friday session, keeping the
overarching bullish picture in tact. To shift the outlook negative, a
retracement below the 98.573 mark is needed to weaken 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.

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