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(H9) Bear Case Strengthens.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Bear Case Strengthens
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.6950 @ 16:34 GMT, Jan16
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
10yr futures edged to the week's worst levels Wednesday, but are still sticking
to the somewhat tight range seen since the beginning of 2019. Bulls continue to
target 97.7549 as the first target. Any rally through the year's best levels
opens the Oct 3 2016 high at 98.0900 and a break opens the 2016 high at 98.2000.
Bears need to clear the 50-dma at 97.5044 to regain control, targeting a move
toward the 61.8% Fib retracement for the 91.19-97.965 move at 97.4861.

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