(H0) Still Below Key...........>

AUSSIE 10-YEAR TECHS: (H0) Still Below Key Resistance

*RES 3: 98.9500 - High Dec 5

*RES 2: 98.8950 - High Dec 10 and 11

*RES 1: 98.8600 - High Jan 8

*PRICE: 98.8150 @ 18:23 GMT, Jan 17

*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

The 10yr recent top of 98.8600 printed Jan 8 remains in place for now, with the

modest grind higher recently doing little to trouble bears just yet. This

continues to suggest 98.8600 remains a near-term top with bears focusing

attention on the 98.5700 YTD low over the medium term. 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. For bears, 98.8600 is a key risk parameter. A break

of this level would instead signal a resumption of this month's gains.