(H0) Nearing Trendline *RES.....>

AUSSIE 3-YEAR TECHS: (H0) Nearing Trendline

*RES 4: 99.395 - High Nov 28

*RES 3: 99.364 - 76.4% Fib October - December Decline

*RES 2: 99.335 - High Dec 13

*RES 1: 99.305 - High Jan 22 / 61.8% Fib October - December Decline

*PRICE: 99.300 @ 16:45 GMT Jan 22

*SUP 1: 99.200 - Low Jan 16

*SUP 2: 99.180 - Low Jan 10, 14 and 14 and near-term key support

*SUP 3: 99.085 - Low Jan 3

*SUP 4: 99.055 - Low Dec 31 and primary support

Markets erred bullishly once again Wednesday, narrowing the gap with the

downward trendline drawn from the early October highs. For bulls to really seize

control this must be topped before re-targeting the late November highs of

99.395. For now, however, the 99.305 Fib retracement seems to be containing

prices. A failure to hold onto recent gains would instead resume attention on

the key support at 99.18, the Jan 10, 14 and 15 low.