(H18) 97.770 Support Now Key ...>

AUSSIE 3-YEAR TECHS: (H18) 97.770 Support Now Key 

*RES 4: 97.906 - 55-DMA 

*RES 3: 97.903 - 100-DMA, Bollinger band top 

*RES 2: 97.855 - High Jan 10 

*RES 1: 97.815 - High Jan 31

*PRICE: 97.790 @ 2030GMT

*SUP 1: 97.770 - High Jan 24 now support 

*SUP 2: 97.705 - Low Jan 31 

*SUP 3: 97.690 - 2018 Low Jan 19 

*SUP 4: 97.605 - 2015 Low Dec 12

*COMMENTARY: The aggressive rally Wednesday eased immediate bearish pressure and

sees the contract flirting with the 21-DMA (97.791). Initial support is now

noted at 97.770 with bulls now focused on 97.855-906 where key DMAs are located

until a close below 97.770 is seen. Below 97.770 sees focus return to the

97.690-705 support region. Above the 55-DMA is needed to shift initial focus to

the 200-DMA (98.004) and overall focus to Nov highs (98.110).