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(U9) Pressure still points.....>

AUSSIE 10-YEAR TECHS: (U9) Pressure still points higher
*RES 3: 99.2100 - 1st Pivot Resistance (97.1900 - 98.7250)
*RES 2: 98.7998 - 3.0% Upper Bollinger Band
*RES 1: 98.7250 - All Time Highs
*PRICE: 98.6550 @ 16:00 BST, Jun 21
*SUP 1: 98.5527 - 23.6% Fib Retracement (97.9950 - 98.7250)
*SUP 2: 98.3698 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
The pressure clearly still points higher, with valuation measures now close to
useless as Aussie 10yr bonds edged to new highs of 98.7250 Friday. Bulls remain
supported by the dovish Fed decision Wednesday, despite the RSI still screaming
overbought. The first target for bulls remains at the 3.0% upper Bollinger band
at 98.7998 and 1st pivot resistance at 99.2100. Any pull lower will first
challenge support at 98.5527 before the 50-dma at 98.3698.

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