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(H0) Bullish Breakout *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Bullish Breakout
*RES 3: 99.1700 - High Aug 16
*RES 2: 99.1550 - High Oct 9
*RES 1: 99.0650 - High Jan 28
*PRICE: 99.0400 @ 16:20 GMT, Jan 30
*SUP 1: 98.7150 - Low Jan 14 and key near-term support
*SUP 2: 98.5900 - Low Jan 3
*SUP 3: 98.5700 - Low Jan 2 and primary support
Aussie 10-year futures jerked sharply higher this week, hitting the best levels
since October as markets gear up for this week's inflation numbers and the RBA
rate decision next week. With resistance at 99.0200/99.0284 now taken out,
markets have secured a close above the 100-dma, spelling more trouble for bears.
October highs are now the longer-term target for bulls To the downside, the
initial focus though is on 98.715, Jan 14 low where a break is required to
signal a fresh round of stronger bearish pressure. 98.8600 is a key downside
risk parameter.

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