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(Z18) From Strength to.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) From Strength to Strength
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.4200 @ 16:22 GMT, Dec 3
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Having gapped lower Monday, markets were left in little doubt that bulls remain
in control as prices rallied to close the gap and reach new cycle highs at
97.4250. This keeps the upside target at the 97.44 high printed in October. A
rally through here would open 97.5950, confirming a bullish breakout and
targeting the high watermark up to 97.6200. For bears to regain the upper hand,
a close below the Nov9 lows at 91.19 would renew downside pressure and open the
door to a leg lower to 97.1450 and YTD lows.

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