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(Z18) Gearing For Further......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Gearing For Further Gains
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.3950 @ 16:31 GMT, Nov 29
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 -  May/YTD Low
After stalling somewhat Wednesday, prices resumed their upward trend Thursday to
see Aussie 10yrs touch the best levels since late October. This keeps bulls
firmly in control, retaining the upside target of 97.44. 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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