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(U9) Building above 99.00......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Building above 99.00
*RES 3: 99.7533 - 1st Pivot Resistance (97.1900 - 99.1250)
*RES 2: 99.2392 - 3.0% Upper Bollinger Band
*RES 1: 99.1250 - All Time Highs
*PRICE: 99.1000 @ 14:41 GMT, Aug 7
*SUP 1: 98.6810 - 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 99.1250 as markets built above the 99.00 handle. Vol
band resistance continues to keep the move in check at 99.1387, 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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