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(Z9) Shooting Star *RES 4:......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z9) Shooting Star
*RES 4: 99.368 -61.8% retracement of the Oct 8 - Nov 8 decline
*RES 3: 99.350 - High Oct 14
*RES 2: 99.311/315 - 50.0% of the Oct 8 - Nov 8 decline / Oct 25 high
*RES 1: 99.285 - High Nov 15
*PRICE: 99.245 @ 18:33 GMT Nov 15
*SUP 1: 99.165 - Low Nov 13
*SUP 2: 99.130 - Low Nov 12
*SUP 3: 99.070 - Low Nov 8 and key support
*SUP 4: 99.055 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
What a difference a day makes. Having rallied this week, Aussie 3yr futures
found strong resistance at Friday's 99.285 high. This resulted in a weak close
just off the session low to confirm an important reversal candle pattern known
as a shooting star. As long as prices remain below resistance at 99.285, the
candle pattern suggests the near-term risk is for a move lower. Scope is seen
for 99.165 initially. A break of 99.285 is required to resume recent gains.

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