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(H9) Cracks Up Trendline.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Cracks Up Trendline Resistance
*RES 3: 97.8200 - Nov9 2016 high
*RES 2: 97.7378 - 61.8% 98.20-96.99
*RES 1: 97.6750 - High June 15, 2017
*PRICE: 97.6450 @ 16:04 GMT, Dec 20
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/YTD Low
The Fed decision was enough to trigger further upside in Aussie bond markets,
with the uptick late Wednesday enough to tip prices to fresh cycle highs and
break above longer-term up trendline resistance. This shifts attention to 2017
highs printed at 97.6750 and Fib resistance beyond at 97.7378. Positive
formations in the dmas (50-dma breaking above the 100-dma) continue to lend
support to bulls. Bears need to clear the Nov 9 low at 97.1900 to regain
control, targeting a move toward the Feb 6 ytd low at 97.0450.

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