(H0) No Breakout Just Yet.......>

AUSSIE 3-YEAR TECHS: (H0) No Breakout Just Yet

*RES 3: 99.300 - High Dec 17

*RES 2: 99.285 - High Jan 8

*RES 1: 99.258 - 100-dma

*PRICE: 99.240 @ 16:16 GMT Jan 16

*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

Markets inched slightly higher again Thursday, but there's no sign of a bullish

breakout just yet, with prices capped ahead of the 99.258 100-dma. The stable

end last Friday fed through the first few sessions of this week, supporting the

argument that the previous break above the 100-dma was a false dawn, 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 eye a move through 99.041

and 99.018, both Fibonacci projection levels.