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(M9) Unable to Sustain *RES.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Unable to Sustain
*RES 3: 99.011 - 123.6% Fib Projection (97.775-98.775)
*RES 2: 98.835 - 1st Pivot Resistance 98.520-98.775
*RES 1: 98.780 - All Time High
*PRICE: 98.725 @ 17:46 BST May 2
*SUP 1: 98.539 - 23.6% Fib Retracement (97.775 - 98.775)
*SUP 2: 98.561 - 50-dma
*SUP 3: 98.395 - 100-dma
Fed-inspired volatility drove prices to one increment above alltime highs,
nudging the watermark up to 98.780 before retracing, as Aussie bond markets
followed their US counterparts. Bulls retain upside targets at the 1st pivot
resistance at 98.835 and the 123.6% Fib projection at 99.011. Momentum obviously
continues to point higher for now, but any downside move may find support at the
50-dma at 98.561. Any fall through here will dent the technical outlook and
return sights to the April lows of 95.520.

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