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

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.