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(Z9) Impulsive Decline *RES.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z9) Impulsive Decline
*RES 4: 99.315 - High Oct 25
*RES 3: 99.240 - High Oct 31and key near-term resistance
*RES 2: 99.230 - High Nov 1 and 4
*RES 1: 99.180 - High Nov 5
*PRICE: 99.120 @ 18:57 GMT Nov 5
*SUP 1: 99.105 - Low Sep 17
*SUP 2: 99.075 - Low Sep 16 and key support
*SUP 3: 99.055 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
*SUP 4: 99.051 - Low Bear channel base drawn off Oct 10 high
Aussie 3yr futures continue to sell off sharply as the impulsive bearish leg
extends. With a downtrend clearly in place, confirmed by a price sequence of
lower lows and lower highs, further downside is likely with key support at
99.075 exposed, Sep 16 low. A break of this level would open the base of the
bear channel at 99.051, drawn off Oct 10 high. On the upside, resistance for now
has been defined at yesterday's 99.18 high.

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