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(H9) Looks to Last Week's......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Looks to Last Week's High
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.7150 @ 16:33 GMT, Jan23
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
10yr futures retreated slightly Wednesday but remain well within the recent
range. This keeps last week's highs of 97.7350 in range. A break above here will
be needed to reinvigorate the bullish argument, which would bring in the 97.7550
Fib retracement of the YTD range as first resistance. To the downside, bears
need to clear the 50-dma at 97.5406 to fully regain control, targeting a move
toward the 61.8% Fib retracement for the 91.19-97.965 move at 97.4861. 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.

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