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(U9) 99.00 cracks *RES 3:......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) 99.00 cracks
*RES 3: 99.6100 - 1st Pivot Resistance (97.1900 - 99.0350)
*RES 2: 99.1387 - 3.0% Upper Bollinger Band
*RES 1: 99.0350 - All Time Highs
*PRICE: 98.9750 @ 14:16 GMT, Aug 6
*SUP 1: 98.6668 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
A fresh wave of global bond buying prompted, yet again, fresh highs in 10yr
futures, topping out at 99.0350 to finally crack above the handle. Prices
moderated somewhat following the RBA rate decision, but momentum remains pointed
higher for now. Vol band resistance is eyed at 99.1387 ahead of pivot resistance
at 99.6100. Should the sell-on-rallies theme re-emerge, bears would like to see
a drop through the (previously strong support) at the 50-dma before gathering
any momentum to press back to July lows of 98.5250.

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