(U0) Upper End of Recent.......>

AUSSIE 10-YEAR TECHS: (U0) Upper End of Recent Range

*RES 3: 99.3600 - High Apr 02

*RES 2: 99.2250 - High Apr 17

*RES 1: 99.1400 High Jul 10

*PRICE: 99.1150 @ 16:38 BST, Jul 16

*SUP 1: 99.0200 - Low Jul 2 and 3

*SUP 2: 98.9725 - 50.0% retracement of the Jun 8 - 29 rally

*SUP 3: 98.9342 - 61.8% retracement of the Jun 8 - 29 rally

Aussie 10yr futures started the week poorly, but have crept higher since Monday

to hold close to (but not break) recent highs. This keeps the focus on initial

key resistance at 99.1400, Jul 10 high where a break would open 99.2250, Apr 17

high. On the downside, initial key key support has for now been defined at

99.0200. A break of this level would expose a deeper decline towards 98.9725, a

Fibonacci retracement.