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(U9) 99.00 holds for now.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) 99.00 holds for now
*RES 3: 99.7533 - 1st Pivot Resistance (97.1900 - 99.1250)
*RES 2: 99.2397 - 3.0% Upper Bollinger Band
*RES 1: 99.1250 - All Time Highs
*PRICE: 99.0100 @ 14:29 GMT, Aug 8
*SUP 1: 98.6890 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr futures are well overdue a breather after the impressive recent run
higher. Whether today's stall close to the highs extends into the end of this
week and into the next is likely dependent on global bond market sentiment,
although technical measures are still suggesting overbought. Vol band resistance
continues to keep the move in check at 99.2397, which comes ahead of pivot
resistance at 99.7533. 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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