(Z9) Extending The Downside.....>

AUSSIE 3-YEAR TECHS: (Z9) Extending The Downside

*RES 4: 99.350 - High Oct 14

*RES 3: 99.315 - High Oct 25

*RES 2: 99.240 - High Oct 31and key near-term resistance

*RES 1: 99.230 - High Nov 1 and 4

*PRICE: 99.160 @ 18:19 GMT Nov 4

*SUP 1: 99.150 - Intraday low

*SUP 2: 99.130 - 2.0% Lower Bollinger Band

*SUP 3: 99.105 - Low Sep 17

*SUP 4: 99.075 - Low Sep 16 and key support

Aussie 3yr futures sold off sharply yesterday resulting in a print below 99.175

at 99.170. The move lower has followed through today with prices breaching 76.4%

of Sept 16 - Oct 8 at 99.166. This sets the scene for an extension lower with

attention turning to the Sep 17 low of 99.105 and the key support at 99.075, Sep

16 low. Key near-term resistance has been defined at 99.240, Oct 31 high. A

break here is needed to threaten the current bearish sentiment.