(H0) Strong Close *RES 3:......>

AUSSIE 10-YEAR TECHS: (H0) Strong Close

*RES 3: 99.0150 - High Nov29

*RES 2: 98.9500 - High Dec 5

*RES 1: 98.9408 - 61.8% August - January Decline

*PRICE: 98.9200 @ 16:07 GMT, Jan 24

*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

For a second session, Aussie 10-year futures rallied into the close after having

topped key resistance at 98.8600. Bulls are gaining some firmer footing and this

looks to continue up to the Dec 5 high at 98.9500. This should concern bears

targeting the 98.5700 YTD low over the medium term and a close above the 100-dma

will spell more trouble. 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. For bears, 98.8600 is a key risk parameter.