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(Z9) Downtrend Intact *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Downtrend Intact
*RES 3: 98.8371 - Bear channel resistance drawn off Oct 9 high
*RES 2: 98.8100 - Low Oct 22 and former breakout point
*RES 1: 98.7950 - High Nov 7
*PRICE: 98.7050 @ 18:39 GMT, Nov 8
*SUP 1: 98.6500 - Low Nov 8
*SUP 2: 98.6135 - 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 is set to maintain a bearish tone following last weeks slide. The
result of the move lower was a breach of key support at 98.7675, Sep 16 low.
This marked an important bearish break and reinforces the clear bearish price
sequence of lower lows and lower highs that defines the current downtrend.
Attention is 98.6135 next, the base of a bear channel drawn off the Oct 9 high.
Resistance is located at 98.7950, Nov 7 high.

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