(H0) Bumps Back to Lower End....>

AUSSIE 3-YEAR TECHS: (H0) Bumps Back to Lower End of Range

*RES 3: 99.460 - Alltime High Oct 7

*RES 2: 99.387 - 2.0% Upper Bollinger Band

*RES 1: 99.395 - High Nov 28

*PRICE: 99.275 @ 16:28 GMT Dec 12

*SUP 1: 99.165 - Low Nov 13

*SUP 2: 99.130 - Low Nov 12

*SUP 3: 99.070 - Low Nov 8 and key support

After a muted response to the Fed rate decision, bears won out on Thursday as

renewed hopes of a ceasefire in the US/China trade deal pressured global bond

prices. This saw Aussie 3yrs inch to the lower levels of the recent range, but

provided few fresh technical signals. Focus remains on the recent lows as the

recent run-up to 99.395 now looks to be over. Prices continue to trade either

side of the 99.30 level at present, which has dented the outlook materially.

99.165 seen as the next key support.