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(U9) Presses Pause Ahead of....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Presses Pause Ahead of RBA
*RES 3: 98.9900 - 1st Pivot Resistance (97.1900 - 98.5450)
*RES 2: 98.5608 - 2.0% Upper Bollinger Band
*RES 1: 98.5450 - All Time Highs
*PRICE: 98.4950 @ 16:48 BST, Jun 3
*SUP 1: 98.2479 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Aussie 10-Yr futures failed to benefit from the short-end rally Monday, with
traders sitting on the sidelines ahead of the RBA rate decision Tuesday, where
the bank are expected to ease policy. Furthermore, a pause was due after
technical indicators continue to flash overbought conditions. The RSI has now
dipped back below 70, but caution is still warranted. Any further move higher
would initially target the 2.0% Upper Bollinger Band at 98.5608 ahead of first
pivot resistance at 98.99. To the downside, 50-dma support is the first level at
98.2479, below here opens the 100-dma at 98.0581.

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