(U0) Focus Remains On Key......>

AUSSIE 10-YEAR TECHS: (U0) Focus Remains On Key Resistance

*RES 3: 99.3600 - High Apr 02

*RES 2: 99.2250 - High Apr 17

*RES 1: 99.1400 - High Jul 13 and the bull trigger

*PRICE: 99.1250 @ 16:26 BST, Jul 23

*SUP 1: 99.0200 - Low Jul 2 and 3

*SUP 2: 98.9750 - 50.0% retracement of the Jun 8 - Jul 13 rally

*SUP 3: 98.9361 - 61.8% retracement of the Jun 8 - Jul 13 rally

Aussie 10yr continues to trade sideways. Despite this price attention, a bullish

focus remains intact. Attention is on the initial key resistance at 99.1400, Jul

13 high where a break would confirm the end of the current consolidation phase

and open 99.2250, Apr 17 high. On the downside, initial key key support has for

now been defined at 99.0200, Jul 2 / 3 low. A break would expose a deeper

decline towards 98.9750 instead. a Fibonacci retracement.