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(H9) On The Sidelines *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) On The Sidelines
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.7650 @ 15:55 GMT, Jan29
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
The Jan3 2019 high of 97.9650 remains tantalisingly within reach, with 10yr
futures holding close to (more) recent highs of 97.7250, which is first
resistance. To the downside, bears need to clear the 50-dma at 97.5708 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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