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(H0) Tough Time Above 50-dma....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H0) Tough Time Above 50-dma
*RES 4: 99.300 - High Dec 17
*RES 3: 99.270 - High Dec 19
*RES 2: 99.240 - High Jan 03
*RES 1: 99.232 - 50-dma
*PRICE: 99.225 @ 15:47 GMT Jan 06
*SUP 1: 99.055 - Low Dec 31
*SUP 2: 99.041 - 1.500 projection of Dec 10 - Dec 13 decline from Dec 17 high
*SUP 3: 99.018 - 1.764 projection of Dec 10 - Dec 13 decline from Dec 17 high
*SUP 4: 99.000 - Round number Support
Aussie 3yr futures extend their firm 2020 performance into another week, briefly
edging above the 50-dma Monday to hit a new YTD high. This accelerates the
recovery further but a close above that 99.232 mark will be needed to cement
further gains. To the downside, bears could easily recapture the balance of
power on a move through 99.041 and 99.018, both Fibonacci projection levels.

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