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(H0) Capped by 50-dma *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Capped by 50-dma
*RES 3: 98.8950 - High Dec 10 and 11
*RES 2: 98.8500 - High Dec 18
*RES 1: 98.8209 - 50-DMA
*PRICE: 98.7450 @ 15:59 GMT, Jan 03
*SUP 1: 98.5700 - Low Jan 2
*SUP 2: 98.5348 - 1.236 projection of Dec 5 - Dec 13 decline from Dec 18 high
*SUP 3: 98.4976 - 1.382 projection of Dec 5 - Dec 13 decline from Dec 18 high
Aussie 10yr futures bounced for a second session Friday, but bulls will get
little respite as the outlook remains weak. After former support at 98.6500 (the
Dec 24 and 30 lows) was cleared, this confirmed a resumption of the current
bearish cycle that has been in place since Nov 28. The focus is on a move
towards 98.5348 and 98.4976 next, both Fibonacci projection levels. Firm
short-term resistance has been defined at the 50-dma at 98.8209.

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