(U0) Focus Remains On Key Resistance

• RES 3: 99.3600 - High Apr 02
• RES 2: 99.2250 - High Apr 17
• RES 1: 99.1400 - High Jul 13 and the bull trigger
• PRICE: 99.1050 @ 16:15 BST, Jul 27
• SUP 1: 99.0200 - Low Jul 2 and 3
• SUP 2: 98.9750 - 50.0% retracement of the Jun 8 - Jul 13 rally
• SUP 3: 98.9361 - 61.8% retracement of the Jun 8 - Jul 13 rally

Aussie 10yr stuck within the recent range of late. Despite this price
retention, a bullish focus remains intact. Attention is on the initial key
resistance at 99.1400, Jul 13 high where a break would confirm the
end of the current consolidation phase and open 99.2250, Apr 17
high. On the downside, initial key key support has for now been defined
at 99.0200, Jul 2 / 3 low. A break would expose a deeper decline towards
98.9750 instead. a Fibonacci retracement.