(Z9) Nearing critical support...>

AUSSIE 3-YEAR TECHS: (Z9) Nearing critical support

*RES 3: 99.410 - All Time High

*RES 2: 99.395 - 3% Upper Bollinger Band

*RES 1: 99.307 - 23.6% 99.410 - 99.275

*PRICE: 99.275 @ 13:49 GMT Sep 5

*SUP 1: 99.224 - 50-dma

*SUP 2: 99.163 - 61.8% Fib 99.010 - 99.410

*SUP 3: 99.054 - 100-dma

The downside in Aussie bond futures accelerated Thursday, prompting Sep-19 3yr

futures to show below the 50-dma for the first time. Nonetheless, roll effects

may be clouding technical indicators at present and providing a false reading.

For the continuation contract, the 50-dma is far lower, at 99.224, (Dec-19 sits

at 99.275) so may provide support going forward. The recent print up at 99.39

last week will need to be revisited to keep bulls in the game here, but a

retreat below 99.224 would harm the outlook materially.