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(H0) Remains Weak *RES 3:......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H0) Remains Weak
*RES 3: 98.9500 - High Dec 5
*RES 2: 98.8950 - High Dec 10 and 11
*RES 1: 98.8850 - High Dec 5
*PRICE: 98.6700 @ 13:25 GMT, Dec 24
*SUP 1: 98.6550 - Low Dec 20
*SUP 2: 98.6500 - Low Nov 8/11
*SUP 3: 98.5785 - 3.0% Lower Bollinger Band
Aussie 10yr futures weakened further for a particularly negative close Friday,
edging below the 200-dma for the first time in over a year. This switches the
picture to outright bearish and opens further losses down to levels not seen
since mid-July. The RSI is also yet to indicate oversold conditions, meaning the
run lower could still have legs. For bulls to slow any decline they first need
to recoup the 200-dma before eyeing the Dec 5 at 98.8850.

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