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(U9) Fed outlook critical......>

AUSSIE 10-YEAR TECHS: (U9) Fed outlook critical
*RES 3: 99.1600 - 1st Pivot Resistance (97.1900 - 98.6750)
*RES 2: 98.7268 - 3.0% Upper Bollinger Band
*RES 1: 98.6750 - All Time Highs
*PRICE: 98.5950 @ 16:06 BST, Jun 17
*SUP 1: 98.5145 - 23.6% Fib Retracement (97.9950 - 98.6750)
*SUP 2: 98.3349 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
10yr bond space rallied globally, helping boost Australian bonds again to
contract and all time highs. The Fed outlook becomes critical now, with
resistance kicking in to the upside at the 3.0% upper Bollinger band at 98.7268
and 1st pivot resistance at 99.16. Valuation and momentum measures continue to
look stretched, but they've been flashing overbought for weeks now. Any pull
lower will first challenge support at 98.5145 before the 50-dma at 98.3349.

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