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(Z18) Holding Pattern *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Holding Pattern
*RES 3: 97.6417 - Up Trendline
*RES 2: 97.6200 - High April 8, 2017
*RES 1: 97.5950 - 50% 98.2000-96.9875
*PRICE: 97.5275 @ 16:33 GMT, Dec 12
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Prices retreated for much of the Wednesday session as risk assets recovered
somewhat. Nonetheless, markets have steered clear of significant selling
pressure for now. This keeps the cycle highs of 97.5900 in view, the first
target for bulls. A rally through here would open a move on the 97.62 level and
trendline resistance at 97.6417 beyond there. This would go a long way to
confirming a bullish breakout and would target the high watermark up to 97.6750.
For bears to regain the upper hand, a close below the 97.3630 would renew
downside pressure and open the door to a leg lower to 97.1450 and YTD lows.

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