(H18) 97.2200 Resistance Now...>

AUSSIE 10-YEAR TECHS: (H18) 97.2200 Resistance Now Key 

*RES 4: 97.2200 - Hourly support Jan 17 now resistance

*RES 3: 97.2167 - 21-DMA

*RES 2: 97.2050 - High Jan 24

*RES 1: 97.1950 - High Jan 31

*PRICE: 97.1700 @ 2030GMT

*SUP 1: 97.1450 - Low Jan 31

*SUP 2: 97.1050 - 2018 Low Jan 22

*SUP 3: 97.0900 - Monthly Low Oct 3

*SUP 4: 97.0750 - Monthly Low Sept 21

*COMMENTARY: Hesitation ahead of recent 2018 lows is less than ideal given daily

studies correcting from O/S and sees pressure back on key resistance layers.

Bulls now need a close above 97.2200 to confirm a break of the 21-DMA and shift

initial focus to 97.2800-4000 where the bear channel top and key DMAs are

located. Initial support is now seen at 97.1450 with bears needing a close below

to ease pressure on the 21-DMA.