(Z9) Retracing Higher *RES 4:...>

AUSSIE 3-YEAR TECHS: (Z9) Retracing Higher

*RES 4: 99.315 - High Oct 25

*RES 3: 99.240 - High Oct 31and key near-term resistance

*RES 2: 99.205 - Bear channel resistance drawn off Oct 10 high

*RES 1: 99.180 - High Nov 5

*PRICE: 99.1150 @ 18:24 GMT Nov 6

*SUP 1: 99.100 - Low Nov 6

*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: 99.039 - Low Bear channel base drawn off Oct 10 high

Aussie 3yr is retracing part of the last 3-day sell-off. For now, this bounce is

being viewed as a correction with bearish trend conditions still very much in

place, confirmed by a price sequence of lower lows and lower highs. The focus is

on key support at 99.075, Sep 16 low. A break of this level would open the base

of the bear channel at 99.039, drawn off Oct 10 high. On the upside, resistance

is seen at Monday's 99.18 high.