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(Z9) Trades Through 98.8100....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Trades Through 98.8100 Congestive Support
*RES 3: 99.0100 - High Oct 14
*RES 2: 98.9550 - High oct 25 and key resistance
*RES 1: 98.9200 - High Nov 1
*PRICE: 98.7950 @ 18:25 GMT, Nov 4
*SUP 1: 98.7800 - Intraday low
*SUP 2: 98.7675 - Low Sep 16 and bear trigger
*SUP 3: 98.7418 - 0.618 projection of Oct 8 - Oct 22 decline from Oct 25 high
Aussie 10yr futures sold off sharply yesterday and finally today, breached
congestive support at 98.8100, the low on Oct 22, 29 and 30. Decent follow
through is still required however to confirm a clear break of this support and
pave the way for steeper losses towards the next key level at 98.7675, Sep 16
low. Resistance has been defined at 98.9200, Nov 1 high. The key near-term
resistance though is at 98.9550, Oct 25 high. While this latter level holds, the
outlook is bearish.

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