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(H18) Daily Bear Channel Top...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H18) Daily Bear Channel Top Capping 
*RES 4: 97.3274 - 200-DMA
*RES 3: 97.2800 - High Jan 11, 100-DMA
*RES 2: 97.2658 - 200-WMA
*RES 1: 97.2634 - Daily Bear channel top (off Dec 4 high)
*PRICE: 97.2400 @ 2030GMT
*SUP 1: 97.2250 - Hourly resistance Feb 26 now support
*SUP 2: 97.2000 - Hourly support Feb 26
*SUP 3: 97.1750 - Hourly resistance Feb 23 now support
*SUP 4: 97.1250 - Low Feb 22
*COMMENTARY: The recovery from dips back towards the LT bull channel base
(97.0037) off 2008 lows looks to be in trouble with H18 remaining capped at the
daily bear channel top with key MAs noted above. Bears now look for a close
below 97.2250 to gain breathing room and below 97.1750 to shift focus back to
97.0037-0450 where 2018 lows and the LT bull channel base are noted. Bulls now
look for a close above the 200-DMA to target 97.5200.

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