(U9) Sinking AUD props up.......>

AUSSIE 3-YEAR TECHS: (U9) Sinking AUD props up bonds

*RES 3: 99.243 - 1st Pivot Resistance (98.520-99.070)

*RES 2: 99.150 - 123.6% Fib Projection (98.730-99.070)

*RES 1: 99.070 - All Time High

*PRICE: 99.040 @ 14:41 BST Jun 14

*SUP 1: 98.940 - 23.6% Fib Retracement (98.520 - 99.070)

*SUP 2: 98.791 - 50-dma

*SUP 3: 98.613 - 100-dma

AUD sank further Friday, with the markets now fully pricing the beginning of an

RBA easing cycle. This boosted 3yr futures to all time highs yet again, now

printed up at 99.070. Valuation measures continue to scream overbought, with the

RSI holding close to multi-month highs, suggesting a pause is now well overdue.

Next levels to the upside remain at the 123.6% Fib projection at 99.150 and 1st

pivot resistance at 99.243. To shift the outlook negative, a retracement below

the 98.898 mark is needed, with further support located at the 100-dma at

98.613.