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(H0) Bearish Cycle Extends......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H0) Bearish Cycle Extends
*RES 4: 99.300 - High Dec 17
*RES 3: 99.270 - High Dec 19
*RES 2: 99.195 - High Dec 20
*RES 1: 99.150 - High Dec 30 and key near-term resistance
*PRICE: 99.080 @ 19:15 GMT Dec 30
*SUP 1: 99.060 - Intraday low
*SUP 3: 99.041 - 1.50 projection of Dec 10 - Dec 13 decline from Dec 17 high
*SUP 4: 99.018 - 1.764 projection of Dec 10 - Dec 13 decline from Dec 17 high
*SUP 4: 99.000 - Round number Support
Aussie 3yr futures remain weak and have been under pressure once again today.
Former support at 99.085, Dec 30 low has been cleared confirming a resumption of
the current bearish cycle that has been in place since Nov 29. The focus is on a
move towards 99.041 and 99.018 next, both Fibonacci projection levels. Firm
short-term resistance has been defined at 99.150, Dec 30 high.

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