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(U9) Overextended? *RES 3:.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Overextended?
*RES 3: 99.3700 - 1st Pivot Resistance (97.1900 - 98.8700)
*RES 2: 99.0153 - 3.0% Upper Bollinger Band
*RES 1: 98.9550 - All Time Highs
*PRICE: 98.9150 @ 15:23 GMT, Aug 2
*SUP 1: 98.6460 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr bonds once again hit all time highs, extending the rally further
toward psychological resistance at the 99.00 handle. The sustainability of this
rally seems to have slightly overextended though, with the RSI touching the best
levels since late June, which was followed by a minor correction. 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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