(H0) Bounces Off The Days Low...>

AUSSIE 3-YEAR TECHS: (H0) Bounces Off The Days Low

*RES 4: 99.405 - Nov 28 and 29

*RES 3: 99.400 - Low Nov 29

*RES 2: 99.360 - High Dec 12

*RES 1: 99.335 - High Dec 13

*PRICE: 99.275 @ 17:39 GMT Dec 13

*SUP 1: 99.200 - Low Dec 13

*SUP 2: 99.162 - 1.236 projection of Nov 29 - Dec 3 decline from Dec 10 high

*SUP 3: 99.139 - 1.382 projection of Nov 29 - Dec 3 decline from Dec 10 high

*SUP 4: 99.120 - 1.500 projection of Nov 29 - Dec 3 decline from Oct 25 high

Aussie 3-yr futures are firmer off today's low. Gains are most likely a

correction though following the sharp sell-off on Dec 13. This resulted in a

break of 99.245, Dec 3 low and reinforced the near-term bearish risk. The

trigger for a fresh round of weakness is at 99.200 where a break would open

99.162 and 99.139, both Fibonacci projection levels. On the upside, resistance

is at 99.335, Dec 13 high.