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

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Bears Now Need Close Below 55-DMA 
*RES 4: 98.015 - Alternating daily support resistance 
*RES 3: 97.982 - 200-WMA 
*RES 2: 97.975 - 200-DMA 
*RES 1: 97.955 - High Dec 15
*PRICE: 97.905 @ 2030GMT
*SUP 1: 97.839 - 55-DMA 
*SUP 2: 97.790 - Low Feb 8 
*SUP 3: 97.755 - Low Feb 5 
*SUP 4: 97.705 - Low Jan 31
*COMMENTARY: Hesitation ahead of the 97.955-98.015 resistance region to start
the new week was less than ideal for bulls with key MAs and the daily bear
channel top off June highs are situated. The break of 97.890 has lacked follow
through but layers of resistance remain an issue for bulls. Bears now look for a
close below the 55-DMA to ease bullish pressure and below 97.790 to return
initial focus to tests of 2018 lows (97.690).

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