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(H18) Bears Need Close Below...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) Bears Need Close Below 97.2000 
*RES 4: 97.3646 - 200-DMA
*RES 3: 97.3400 - High Jan 9
*RES 2: 97.3100 - Hourly support Jan 4 now resistance
*RES 1: 97.2800 - Hourly support Jan 3 now resistance
*PRICE: 97.2300 @ 2030GMT
*SUP 1: 97.2000 - 2018 Low Jan 12
*SUP 2: 97.1450 - Low Oct 25
*SUP 3: 97.0900 - Monthly Low Oct 3
*SUP 4: 97.0750 - Monthly Low Sept 21
*COMMENTARY: The lack of follow through on the break of 97.2200 was less than
ideal with the contract flirting with the 200-WMA (97.2311). Bears now need a
close below 97.2000 to confirm a break and shift initial focus to 97.0750-1450
where monthly lows are located. Bulls still look for a close above 97.2800 to
ease bearish pressure and above 97.4000 to confirm breaks of key DMAs and shift
focus to 97.5200.

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