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(U18) Focus Back On Highs......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Focus Back On Highs
*RES 4: 97.4200 - High July 2 
*RES 3: 97.4000 - High July 9 
*RES 2: 97.3850 - Repeated daily highs July 
*RES 1: 97.3750 - Intraday High 
*PRICE: 97.3700 @ 18:22 GMT
*SUP 1: 97.2400 - Low Aug 2 
*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 
The Australian 10-year Bond has broken higher through the key resistance at
97.3650, also confirming a break out from the former descending channel. This
proves a medium term bullish technical signal bring the 97.42 July highs back
into view. Bullish trend and momentum indicators are now also supporting the
move higher. However, holding above 97.3250 is now essential to maintain the
developing positive outlook

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