(H0) Seen Pressuring Support...>

AUSSIE 10-YEAR TECHS: (H0) Seen Pressuring Support Near-Term

*RES 3: 98.9500 - High Dec 5

*RES 2: 98.8950 - High Dec 10 and 11

*RES 1: 98.8850 - High Dec 5

*PRICE: 98.8200 @ 16:35 GMT, Dec 17

*SUP 1: 98.7125 - Low Dec 16

*SUP 2: 98.6950 - Low Dec 13

*SUP 3: 98.6667 - 1.382 projection of Nov 28 - Dec 3 low from Dec 5 high

Aussie 10-yr futures traded higher again Tuesday having erased overnight

weakness, however prices look to be retracing slightly into the NY close. Recent

gains were viewed as a correction following the sharp sell-off on Dec 13. This

move lower resulted in a break of 98.8100, Dec 3 low and reinforced the

near-term bearish risk. The trigger for a fresh round of weakness is at 98.6950

where a breach would open 98.6667 and 98.6452, both Fibonacci projection levels.

On the upside, resistance is at 98.8850, Dec 13 high.