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Off Cycle Highs *RES 3:.........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: Off Cycle Highs
*RES 3: 99.007 - 1st Pivot Resistance 98.520-98.850
*RES 2: 98.983 - 123.6% Fib Projection (98.520-98.895)
*RES 1: 98.920 - All Time High
*PRICE: 98.870 @ 09:01 BST May 27
*SUP 1: 98.690 - 50-dma
*SUP 2: 98.650 - 23.6% Fib Retracement (97.775 - 98.920)
*SUP 3: 98.500 - 100-dma
Despite a minor retracement off cycle highs, Aussie bond futures remain at
elevated levels and keep the bullish trend intact. 1st pivot resistance is eyed
at 98.983 as the medium target, with 99.007 providing some resistance ahead of
that mark. Bulls may have trouble pushing prices to further highs going forward,
with technical indicators continuing to generate overbought conditions. To shift
the outlook negative, a retracement below the 98.650 mark is needed to weaken
momentum.

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