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(U9) Ranges tighten *RES 3:....>

AUSSIE 10-YEAR TECHS: (U9) Ranges tighten
*RES 3: 99.2433 - 1st Pivot Resistance (97.1900 - 98.7350)
*RES 2: 98.8299 - 3.0% Upper Bollinger Band
*RES 1: 98.7350 - All Time Highs
*PRICE: 98.6550 @ 16:22 BST, Jul 1
*SUP 1: 98.5604 - 23.6% Fib Retracement (97.9950 - 98.7350)
*SUP 2: 98.4438 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr futures went nowhere fast Monday, holding one peg below the all time
highs printed last week, with an injection of momentum required to test that
mark again. The RSI has retreated further below overbought territory, meaning
those looking for further gains may have the chance to reload on longs. First
target for bulls holds at the 3.0% upper Bollinger band at 98.8299 and 1st pivot
resistance at 99.2433. Any pull lower will first challenge support at 98.5604
before the 50-dma at 98.4438.

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