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(Z18) Bearish Close Below......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Bearish Close Below 200-dma
*RES 4: 97.6200 - High April 8, 17 (Continuation chart)
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.2750 @ 16:22 GMT, Nov 2
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
*SUP 4: 96.8950 - 50% 95.5900-98.2000
Friday confirmed a poor week for 10y futures, shutting out all bullish momentum
that was apparent as early as Monday. This opens the door to further declines
down to early October lows of 97.1950 and mid June lows below that. The upside
target remains at key Fib retracement at 97.5950 and the 97.62 highs printed
back in April last year. Confirmation of a close below the 97.2855 200-dma will
shift near- and medium-term momentum lower.

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