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(M9) Still Shy of Last.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Still Shy of Last Week's Highs
*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: 98.1200 @ 16:17 BST, Apr 9
*SUP 1: 97.9821 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The Tuesday session saw Aussie 10yr futures grind (very) gradually higher,
equalling the week's best levels of 98.13 but stalling 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 97.9820 and a
close below that mark will open March lows at 97.7900 and the 100-dma at
97.7853.

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