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(H9) Mortgage Woes Bite *RES....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Mortgage Woes Bite
*RES 4: 98.560 - Oct3 2016 High
*RES 3: 98.458 - 76.4% 98.700-97.675
*RES 2: 98.450 - High Nov 9 2016
*RES 1: 98.370 - Jan3 2019 High
*PRICE: 98.230 @ 16:15 GMT Jan24
*SUP 1: 97.981/830 - 100-dma/76.4% 97.675-98.285
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
*SUP 4: 97.719 - June low
Aussie yields slumped across the curve Thursday as rising mortgage rates place
further pressure on the RBA to keep rates lower for longer. The moves boosted
3yr futures well above the first resistance of 98.25 and brings the year's best
levels of 98.37 into view. This cements the medium- to longer-term trend as
bullish. A recovery and close back above 98.37 would open the Nov 9 high 2016 at
98.450.

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