(U9) High Watermark Edges......>

AUSSIE 10-YEAR TECHS: (U9) High Watermark Edges Higher Still

*RES 3: 99.0200 - 1st Pivot Resistance (97.1900 - 98.5700)

*RES 2: 98.6180 - 2.0% Upper Bollinger Band

*RES 1: 98.5700 - All Time Highs

*PRICE: 98.5575 @ 16:21 BST, Jun 12

*SUP 1: 98.2933 - 50-dma

*SUP 2: 98.2443 - 23.6% Fib Retracement (91.1900 - 98.5700)

*SUP 3: 97.9950 - Apr18 Low

Aussie 10-Yr futures broke out of the holding pattern posted Tuesday to break

higher and nudge the all time highs up to the 98.5700 mark. This keeps the

medium-term trend pointing higher, with 98.6180 and 99.02 the first targets. The

RSI still holds close to overbought levels, meaning another meaningful break

higher could be tough going without a corrective pullback in the near future.

Any pull lower will first challenge the 50-dma at 98.2932, followed by the

100-dma at 98.1162.