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Up trendline Resistance *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: Up trendline Resistance
*RES 3: 98.8933 - First Pivot Resistance (97.1900 - 98.4750)
*RES 2: 98.5008 - Uptrend from Sep'18
*RES 1: 98.4800 - All Time Highs
*PRICE: 98.4600 @ 16:25 BST, May 24
*SUP 1: 98.1988 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
The Aussie 10-Yr topped out ahead of up trendline resistance off from the
September 2018 highs as bulls managed to print another all time high at the
98.4800 level. Technical indicators continue to generate heavily overbought
conditions with the RSI now at its highest since late March. Any further move
higher would initially target the uptrend from September ahead of first pivot
resistance at 98.8933. To the downside, 98.1988 50-dma support is the first
level and a break below here would return focus lower, with 97.19 the
medium-term target.

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