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(H0) Momentum Lacking *RES 4:...>

AUSSIE 3-YEAR TECHS: (H0) Momentum Lacking
*RES 4: 100.000 - Handle Resistance
*RES 3: 99.805 - 123.6% Fib Projection of February rally
*RES 2: 99.721 - 4.0% Upper Bollinger Band
*RES 1: 99.665 - High Mar 1
*PRICE: 99.620 @ 16:33 GMT Mar 4
*SUP 1: 99.200 - Low Jan 16
*SUP 2: 99.180 - Low Jan 10, 14 and 14 and near-term key support
*SUP 3: 99.085 - Low Jan 3
*SUP 4: 99.055 - Low Dec 31 and primary support
With the roll now largely complete, Aussie 3yr futures hold close to recent
highs but even an RBA and Fed rate cut Tuesday left bulls wanting. The erratic
rally seems to be moderating for now leaving the most likely direction from here
to be sideways. This keeps upside targets pointed higher, but looking slightly
out of reach for now. A 99.355 print needed to moderate the bullish outlook.

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