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(H9) Rally Mode Engaged *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Rally Mode Engaged
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.7700 @ 16:21 GMT, Jan25
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
Having broken above firm resistance in yesterday's rally, bulls will have gained
further confidence from the ability of Aussie 10yrs to hold recent gains,
keeping the onus on the upside for now. This brings Jan2 highs of 97.9650 into
play. 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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