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(U9) Uptrend Intact *RES 3:....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Uptrend Intact
*RES 3: 99.2433 - 1st Pivot Resistance (97.1900 - 98.7350)
*RES 2: 98.8437 - 3.0% Upper Bollinger Band
*RES 1: 98.7350 - All Time Highs
*PRICE: 98.6550 @ 16:29 BST, Jun 28
*SUP 1: 98.5604 - 23.6% Fib Retracement (97.9950 - 98.7350)
*SUP 2: 98.4313 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr futures followed US treasuries lower throughout the Wednesday
session, before basing at 98.6250. Pullbacks have so far remained shallow to
keep the recent uptrend intact. Bulls still clearly hold court, with cycle/all
time highs at 98.7350 well within range on any recovery. The RSI has edged back
below overbought territory, meaning those looking for further gains may have the
chance to reload on long positions. First target for bulls holds at the 3.0%
upper Bollinger band at 98.8437 and 1st pivot resistance at 99.2433. Any pull
lower will first challenge support at 98.5604 before the 50-dma at 98.4313.

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