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(U9) Uptrendline Snaps *RES....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U9) Uptrendline Snaps
*RES 3: 98.9900 - 1st Pivot Resistance (97.1900 - 98.5450)
*RES 2: 98.5637 - 2.0% Upper Bollinger Band
*RES 1: 98.5450 - All Time Highs
*PRICE: 98.5350 @ 16:48 BST, May 31
*SUP 1: 98.2475 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The Aussie 10-Yr futures snapped through uptrendline resistance drawn from the
September highs to, once again, hit the best levels of the cycle. Technical
indicators continue to flash overbought conditions, with the RSI holding north
of 70 to finish the week. Any further move higher would initially target the
2.0% Upper Bollinger Band at 98.5637 ahead of first pivot resistance at 98.99.
To the downside, 50-dma support is the first level at 98.2475, below here opens
the 100-dma at 98.0505, ahead of the 200-dma at 97.7286.

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