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(Z9) Sharp Gains *RES 3:.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Sharp Gains
*RES 3: 98.9550 - High Oct 25
*RES 2: 98.9200 - High Nov 1
*RES 1: 98.9025 - 50.0% retracement of the Oct 8 - Nov 11 decline
*PRICE: 98.8750 @ 19:15 GMT, Nov 14
*SUP 1: 98.7825 - Former channel resistance
*SUP 2: 98.6850 - Low Nov 13
*SUP 3: 98.6500 - Low Nov 8 and primary support
Aussie 10yr futures have rallied again today. Gains follow yesterday's sharp
climb that resulted in a break of the bear channel resistance at 99.7956. The
channel was drawn off the Oct 9 high. The break out represents an important
short-term bullish development and sets the scene for a stronger recovery
near-term. Attention is on 98.9025, 50% of the Oct 8 - Nov 11 decline. Clearance
of this level would open 98.92, Nov 1 high and 98.9550, Oct 25 high. Support
lies at 98.7825, the former channel resistance.

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