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(Z9) Breaches Trendline.........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z9) Breaches Trendline Resistance
*RES 4: 99.265 - 50.0% retracement of Oct 8 - Nov 8 decline
*RES 3: 99.240 - High Oct 31and key near-term resistance
*RES 2: 99.219 - 38.2% retracement of Oct 8 - Nov 8 decline
*RES 1: 99.185 - Intraday high
*PRICE: 99.170 @ 18:58 GMT Nov 12
*SUP 1: 99.130 - Low Nov 12
*SUP 2: 99.070 - Low Nov 8
*SUP 3: 99.055 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
*SUP 4: 98.994 - 1.236 projection of Oct 8 - Oct 22 decline from Oct 25 high
Aussie 3yr futures have rebounded, easing the bearish pressure that dominated
last week. Today has seen prices trade through trendline resistance at 99.155
drawn off the Oct 10 high. The break highlights a stronger bullish potential
near-term even if this recovery is a correction. Attention turns the first
retracement at 99.219, 38.2% of the decline between Oct 8 and Nov 8. A break
would open 99.240. Initial support lies at 99.130.

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