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(H18) Bears Focused On.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) Bears Focused On Weekly Bull Channel Base 
*RES 4: 97.2816 - 100-DMA
*RES 3: 97.2350 - High Feb 6
*RES 2: 97.2000 - Hourly resistance Feb 6
*RES 1: 97.1750 - High Feb 7
*PRICE: 97.1050 @ 2030GMT
*SUP 1: 97.0801 - Bollinger band base
*SUP 2: 97.0700 - Hourly support Feb 5
*SUP 3: 97.0451 - Daily Bear channel base
*SUP 4: 96.9874 - Weekly Bull channel base
*COMMENTARY: The weekly bull channel base comes in around 96.9874 this week with
bulls taking comfort in support emerging on dips back towards this level. Bears
look for a close below 96.9650 to confirm a break of the channel base and
potentially target 95.5895. Bulls now need a close above 97.1750 to ease
immediate bearish pressure and above 97.2350 to shift focus to 97.2810-3400
where 100 & 200-DMAs are located.

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