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(Z17) 55-DMA Resistance........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z17) 55-DMA Resistance Remains Key 
*RES 4: 97.3153 - 200-DMA
*RES 3: 97.2639 - 55-DMA
*RES 2: 97.2500 - High Oct 18
*RES 1: 97.2400 - Hourly support Oct 18 now resistance
*PRICE: 97.1950 @ 2030GMT
*SUP 1: 97.1850 - Alternating Hourly support/resistance
*SUP 2: 97.1650 - Hourly support Oct 23
*SUP 3: 97.1450 - Hourly support Oct 12, Low Oct 23
*SUP 4: 97.1100 - Low Oct 6
*COMMENTARY: Bears have failed to capitalise on the sell-off to start the new
week with the bounce from below the 21-DMA (97.1724) less than ideal. The 55-DMA
is now key resistance with bulls needing a close above to shift focus to
97.3154-3380 where the 100-DMA and bear channel top are situated. Support layers
are building with bears now needing a close below 97.1450 to confirm focus on
97.0600-0900. Daily studies are well placed for further downside.

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