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(U18) Below 97.2350 To.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Below 97.2350 To Pressure LT Bull Channel Base 
*RES 4: 97.4000 - High July 9
*RES 3: 97.3850 - Repeated daily highs July
*RES 2: 97.3150 - Hourly support July 23 now resistance
*RES 1: 97.2900 - High July 24
*PRICE: 97.2800 @ 2130GMT
*SUP 1: 97.2600 - Low July 24
*SUP 2: 97.2350 - High June 11 now support
*SUP 3: 97.1725 - Low June 12
*SUP 4: 97.1687 - LT Weekly bull channel base off 2008 Low
*COMMENTARY: Losses to start the new week resulted in a close below the bull
channel base off May lows and pressure on key DMAs. Bears now look for a close
below the 100-DMA to hint at a move back to 97.0450-1687 where the LT bull
channel base is noted, with below 97.2350 to add weight to the case. Bulls now
need a close above 97.3150 to gain breathing room and above 97.3850 to return
focus to 97.4000-4400.

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