(H0) RBA Key *RES 3: 99.1700...>

AUSSIE 10-YEAR TECHS: (H0) RBA Key

*RES 3: 99.1700 - High Aug 16

*RES 2: 99.1550 - High Oct 9

*RES 1: 99.1100 - High Feb 3

*PRICE: 99.0850 @ 16:22 GMT, Feb 3

*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

After a particularly strong January, bulls started the new month on the

front-foot, registering a new cycle high of 99.11, with all momentum measures

pointing higher still. The RBA rate decision takes focus from here, with bulls

narrowing the gap nicely with alltime highs. October highs are now the

longer-term target, but 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. 98.8600 is a key downside risk parameter.