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(H9) Tight Range *RES 3:.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Tight Range
*RES 3: 97.6750 - High June 15, 2017
*RES 2: 97.6417 - Up Trendline
*RES 1: 97.6200 - High April 8, 2017
*PRICE: 97.6000 @ 16:20 GMT, Dec 19
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/YTD Low
Little change Wednesday, but bulls will have taken confidence from the ability
to hold most of the recent gains. Positive formations in the dmas (50-dma
breaking above the 100-dma) continue to lend support to bulls, who were rewarded
with the best levels for 10y futures since April 2017 Wednesday. This opens up
trendline resistance at 97.641. 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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