(H0) Winding Higher *RES 3:....>

AUSSIE 10-YEAR TECHS: (H0) Winding Higher

*RES 3: 99.1700 - High Aug 16

*RES 2: 99.1550 - High Oct 9

*RES 1: 99.1400 - High Feb 24

*PRICE: 99.1200 @ 16:05 GMT, Feb 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

After flatlining for much of last week, Aussie bonds had a decent momentum

injection Thursday, which bid up prices to multi-week highs. This saw near-term

resistance at 99.12 give way, shifting the medium-term outlook shift to

positive, which should firm above the early February highs. To the downside, the

initial focus is on 98.7150, Jan 14 low where a break is required to signal a

fresh round of stronger bearish pressure. 98.8600 is a key downside risk

parameter.