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(Z9) Approaching Channel.......>

AUSSIE 10-YEAR TECHS: (Z9) Approaching Channel Resistance
*RES 3: 98.9200 - High Nov 1
*RES 2: 98.6850 - 38.2% of the Oct 8 - Nov 11 decline
*RES 1: 98.7956 - Channel top drawn off Oct 9 high
*PRICE: 98.7900 @ 19:38 GMT, Nov 13
*SUP 1: 98.6850 - Low Nov 13
*SUP 2: 98.6500 - Low Nov 8
*SUP 3: 98.6100 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
Aussie 10yr futures have rallied today with prices approaching the bear channel
resistance at 99.7956. The channel is drawn off the Oct 9 high. A break out of
the channel would represent a short-term bullish development and set the scene
for a stronger recovery near-term. This would open 98.8429, 38.2% of the Oct 8 -
Nov 11 decline. A failure at the channel resistance and a return below 98.6850
is needed to resume a bearish focus and open the 98.6500 key support.

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