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(H18) 97.3100 & 97.4000........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) 97.3100 & 97.4000 Levels Remain Key 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.4000 - Low Dec 18 now resistance
*RES 1: 97.3850 - High Jan 5
*PRICE: 97.3500 @ 2030GMT
*SUP 1: 97.3100 - Hourly support Jan 4
*SUP 2: 97.2800 - Hourly support Jan 3
*SUP 3: 97.2400 - Low Dec 27
*SUP 4: 97.2200 - High Oct 25 now support
*COMMENTARY: Bears take comfort in the lack of topside follow through Friday and
the contract remaining capped ahead of 97.4000 on the pop above key DMAs. Bulls
look for a close above 97.4000 to confirm breaks of key DMAs, ending bearish
hopes and shifting immediate focus to 97.5200. Support layers remain and O/S
studies correcting are a concern for bears who now need a close below 97.3100 to
ease pressure on resistance layers.

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