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(U9) Fed inspires fresh........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Fed inspires fresh highs
*RES 3: 99.3700 - 1st Pivot Resistance (97.1900 - 98.8250)
*RES 2: 98.9263 - 3.0% Upper Bollinger Band
*RES 1: 98.8250 - All Time Highs
*PRICE: 98.8100 @ 19:35 GMT, Jul 31
*SUP 1: 98.6285 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
10-year futures took another decent leg higher Wednesday during US hours as the
Fed delivered with their first rate cut in over a decade. The move will have
inspired further confidence in bulls as some modest weakness was seen earlier in
the session on a better CPI release. This keeps momentum pointing higher, with
volatility bands the nearest resistance at 98.9263. 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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