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AUSSIE 10-YR TECHS: (U18)......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: AUSSIE 10-YR TECHS: (U18) Rebound Gaining Momentum
*RES 4: 97.4200 - High July 2
*RES 3: 97.4000 - High July 9
*RES 2: 97.3850 - Repeated daily highs July
*RES 1: 97.3650 - High July 27
*PRICE: 97.3250 @ 16:25 GMT
*SUP 1: 97.2400 - Low Aug 2
*SUP 2: 97.2350 - High June 11 now support
*SUP 3: 97.1725 - Low June 12
*SUP 4: 97.1687 - LT Weekly bull channel base off 2008 Low
The 10-year Australian bond has broken sharply higher through the 50-dma, to add
to the bullish signal now being generated. Daily momentum indicators are also
turning higher once again. Initial resistance at 97.315 has been overcome,
putting the focus on more important resistance at 97.3650. A move above here
would still be required to confirm a medium term bullish signal, bring the 97.42
July highs back into view. Holding above 97.29 maintains the bullish momentum.

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