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(H0) False Break *RES 4:........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H0) False Break
*RES 4: 99.305 - 61.8% October - December decline
*RES 3: 99.300 - High Dec 17
*RES 2: 99.285 - High Jan 8
*RES 1: 99.262 - 100-dma
*PRICE: 99.195 @ 15:55 GMT Jan 10
*SUP 1: 99.055 - Low Dec 31
*SUP 2: 99.041 - 1.500 projection of Dec 10 - Dec 13 decline from Dec 17 high
*SUP 3: 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 stabilised slightly Friday after pulling back from the lurch
about the 100-dma at the middle of the week. This supports the argument that
Wednesday's break above the 100-dma was a false break, keeping the near-term
outlook modestly weak. To counter this, bulls need to rise and close through the
100-dma initially. To the downside, bears could easily recapture the balance of
power on a move through 99.041 and 99.018, both Fibonacci projection levels.

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