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(Z8) Strength to Strength.......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z8) Strength to Strength
*RES 3: 98.192 - Up Trendline
*RES 2: 98.190 - 50% Fib 98.700-97.675
*RES 1: 98.110 - High Nov 30, 17
*PRICE: 98.090 @ 16:14 GMT, Dec 6
*SUP 1: 97.764 - 76.4% 97.675-98.050
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
Thursday marked nine consecutive sessions of higher highs for Aussie 3yr bonds,
keeping bulls firmly on the front foot and it's difficult to see momentum
petering out from here. Further equity market volatility and the dovish turn
from the RBA are keeping prices underpinned and rallies solid. Bulls shift their
upside targets higher, to 98.19 and 98.35 above there. The 97.872 200-dma
remains firm support with pullbacks shallow for now. For bears, the downside
target remains at 97.764, the 76.4% retracement of the 97.675-98.050 move.

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