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(Z17) Below 97.4200............>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z17) Below 97.4200 Initially Pressures 97.2940-3650 
*RES 4: 97.5326 - Bollinger band top
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.5000 - Hourly resistance Dec 1, High Dec 8
*RES 1: 97.4650 - Hourly resistance Dec 8
*PRICE: 97.4550 @ 2030GMT
*SUP 1: 97.4200 - Hourly support Dec 6a
*SUP 2: 97.3750 - Low Dec 5
*SUP 3: 97.3433 - 200-DMA
*SUP 4: 97.3412 - Bollinger band base
*COMMENTARY: Despite bouncing aggressively from the week's lows, topside
hesitation ahead of the 97.5200 resistance is a concern for bulls. Bulls need a
close above 98.5200 to shift focus to 97.6100-6750 where 2017 highs are located.
The Bollinger top is the key concern for bulls with potential to limit follow
through. Bears now need a close below 97.4200 to confirm a shift in focus back
to 97.2940-3433 where the 200-DMA is noted.

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