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(H18) Bears Need Close Below....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Bears Need Close Below 55-DMA 
*RES 4: 98.015 - Alternating daily support resistance 
*RES 3: 97.986 - 200-WMA 
*RES 2: 97.966 - 200-DMA 
*RES 1: 97.900 - Hourly resistance Mar 6
*PRICE: 97.885 @ 2030GMT
*SUP 1: 97.865 - Low Mar 7 
*SUP 2: 97.833 - 55-DMA 
*SUP 3: 97.790 - Low Feb 8 
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: Recent topside hesitation ahead of the 200-DMA and 200-WMA have
taken their toll and currently weigh on the contract. Bears continue to look for
a close below the 55-DMA to hint at a move back to 2018 lows with a close below
97.790 to confirm. Layers of resistance accumulating are now weighing with bulls
needing a close above 98.015 to shift initial focus to 98.111-132 where the
100-WMA and Nov highs are noted.

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