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(H0) Firm Weekly Performance...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Firm Weekly Performance
*RES 3: 98.9500 - High Dec 5
*RES 2: 98.8950 - High Dec 10 and 11
*RES 1: 98.8850 - High Jan 22
*PRICE: 98.8800 @ 16:51 GMT, Jan 22
*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
Having topped key resistance at 98.8600 Tuesday, bulls are gaining some firmer
footing and this looks to continue up to the Dec 5 high at 98.9500. This should
concern bears targeting the 98.5700 YTD low over the medium term and a close
above the 100-dma will spell more trouble. 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. For bears, 98.8600 is a key risk parameter.

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