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(Z9) Bearish Pressure Remains...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z9) Bearish Pressure Remains
*RES 4: 99.315 - High Oct 25
*RES 3: 99.240 - High Oct 31and key near-term resistance
*RES 2: 99.180 - Bear channel resistance drawn off Oct 10 high
*RES 1: 99.165 - High Nov 7
*PRICE: 99.1200 @ 17:37 GMT Nov 8
*SUP 1: 99.070 - Low Nov 8
*SUP 2: 99.055 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
*SUP 3: 99.015 - Low Bear channel base drawn off Oct 10 high
*SUP 4: 98.994 - 1.236 projection of Oct 8 - Oct 22 decline from Oct 25 high
Aussie 3yr is set to maintain a bearish theme following last weeks sell-off .
The result of the move lower was a break of former key support at 99.075, Sep 16
low. This reinforces the bearish theme as well as the bearish price sequence of
lower lows and lower highs that has developed since the reversal off the Oct 7
high. The focus is on the base of the bear channel at 99.015, drawn off the Oct
10 high. Resistance is at 99.165, Nov 7 high.

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