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(U9) Pressure building once....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Pressure building once more
*RES 3: 99.3433 - 1st Pivot Resistance (97.1900 - 98.8150)
*RES 2: 98.8817 - 3.0% Upper Bollinger Band
*RES 1: 98.8150 - All Time Highs
*PRICE: 98.7950 @ 15:37 GMT, Jul 29
*SUP 1: 98.6112 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
10-year futures continue to play catch-up with the short-end, following the
shorter-end of the Aussie bond market higher Monday. This resulted in fresh all
time highs up at 98.8150, keeping bulls confident. 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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