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(U9) Hits Pause *RES 3:........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Hits Pause
*RES 3: 99.2433 - 1st Pivot Resistance (97.1900 - 98.7350)
*RES 2: 98.8064 - 3.0% Upper Bollinger Band
*RES 1: 98.7350 - All Time Highs
*PRICE: 98.6350 @ 15:23 GMT, Jul 18
*SUP 1: 98.5527 - 50-dma
*SUP 2: 98.5250 - Weekly low
*SUP 3: 97.9950 - Apr18 Low
Having bounced off the 50-dma, 10yr futures ran out of steam Thursday, although
bulls will have taken some confidence from Wednesday's price action as markets
now eye the better levels of last week, with 98.71 the first target. Recoveries
still look pretty vapid from here, however, leaving the onus on the downside. A
fall through, and close below, the 50-dma would weaken the outlook materially
and raises the risk of a more substantial leg lower. The Apr18 low is next up at
97.9950.

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