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(U9) Bulls down but not out....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Bulls down but not out
*RES 3: 99.2433 - 1st Pivot Resistance (97.1900 - 98.7350)
*RES 2: 98.8419 - 3.0% Upper Bollinger Band
*RES 1: 98.7350 - All Time Highs
*PRICE: 98.6750 @ 16:25 BST, Jun 26
*SUP 1: 98.5604 - 23.6% Fib Retracement (97.9950 - 98.7350)
*SUP 2: 98.4082 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr futures followed US treasuries lower throughout the Wednesday
session, but the shallow pullback has done little to trouble the nearest levels
of support at 98.5604. Bulls still clearly hold court, with cycle/all time highs
at 98.7350 well within range on any recovery. The RSI has edged back below
overbought territory, meaning those looking for further gains may have the
chance to reload on long positions before the uptrend resumes. First target for
bulls holds at the 3.0% upper Bollinger band at 98.8419 and 1st pivot resistance
at 99.2433.

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