(H0) Retreat Sets In *RES 4:....>

AUSSIE 3-YEAR TECHS: (H0) Retreat Sets In

*RES 4: 99.549 - 123.6% Fib projection of January rally

*RES 3: 99.460 - High Oct 7

*RES 2: 99.427 - Upper 2% Bollinger Band

*RES 1: 99.455 - High Feb 2

*PRICE: 99.265 @ 15:21 GMT Feb 5

*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

Another down day for Australian bond markets resulted in the reversal setting in

further, with downside focus turning to near-term support at 99.200. Upside

momentum from the most recent cycle high has now been drained from the market,

which retains significant resistance at the 99.460 mark. A break through here

would open Fib projections at 99.512. Another turn lower would instead resume

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