(U9) Rate cut talk ushers in....>

AUSSIE 3-YEAR TECHS: (U9) Rate cut talk ushers in new highs

*RES 3: 99.373 - 1st Pivot Resistance (98.520-99.160)

*RES 2: 99.172 - 3% Upper Bollinger Band

*RES 1: 99.160 - All Time High

*PRICE: 99.160 @ 15:37 GMT Jul 24

*SUP 1: 99.125 - 23.6% Fib Retracement (99.010 - 99.160)

*SUP 2: 99.018 - 50-dma

*SUP 3: 98.825 - 100-dma

Analyst speculation that the RBA will slash rates further helped tip Aussie bond

space higher overnight, with 3yr futures notching up a new all time high at

99.160. The rally saw resistance ahead of the 2% Upper Bollinger Band taken out,

switching focus to the 3% mark at 99.172. Wednesday's moves put paid to the

sell-rallies theme that had been prevalent over the past fortnight, returning

focus to the upside. For the outlook to weaken, markets need to take out the

50-dma at 99.018 after key Fib support at 99.125.