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(Z9) Correcting *RES 3:........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Correcting
*RES 3: 98.9200 - High Nov 1
*RES 2: 98.8647 - Bear channel resistance drawn off Oct 9 high
*RES 1: 98.8100 - Low Oct 22 and former breakout point
*PRICE: 98.7750 @ 19:26 GMT, Nov 6
*SUP 1: 98.7100 - Low Nov 6
*SUP 2: 98.6412 - Bear channel base drawn off Oct 9 high
*SUP 3: 98.6100 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
Aussie 10yr futures are seeing a decent bounce today as they retrace part of the
recent 3-day sell-off. For now, gains are being viewed as corrective with
bearish trend conditions still intact. This weeks sell-off resulted in a break
of former key support at 98.7675, Sep 16 low. This has reinforced the bearish
theme with attention on the base of the bear channel drawn off Oct 9 high that
intersects at 98.6412. Initial resistance is at 98.81, Oct 22 low and former
breakout point.

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