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(U9) Another Day, Another......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Another Day, Another High
*RES 3: 99.1217 - 1st Pivot Resistance (97.1900 - 98.6425)
*RES 2: 98.6489 - 2.0% Upper Bollinger Band
*RES 1: 98.6425 - All Time Highs
*PRICE: 98.6125 @ 14:42 BST, Jun 14
*SUP 1: 98.3139 - 50-dma
*SUP 2: 98.2997 - 23.6% Fib Retracement (91.1900 - 98.6425)
*SUP 3: 97.9950 - Apr18 Low
Aussie 10y bond futures continue to bump up against the 2.0% upper Bollinger
Band, underpinned by a surging global bond market and the increasingly dovish
outlook for the RBA. The all time/cycle high now sits at 98.6425, keeping the
ball in the bull's court for now. A crack above the upper Bollinger Bands will
signal that this move still has legs, but valuation indicators still suggest a
correction should be forthcoming (the RSI sits well above 75). Any pull lower
will first challenge the 50-dma at 98.3139, followed by the 100-dma at 98.1346.

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