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(H18) Bulls Need Close Above....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Bulls Need Close Above 97.910 
*RES 4: 97.938 - 100-DMA 
*RES 3: 97.910 - Hourly resistance Dec 18 
*RES 2: 97.868 - 21-DMA 
*RES 1: 97.855 - High Jan 10
*PRICE: 97.825 @ 2030GMT
*SUP 1: 97.800 - Hourly support Jan 11 
*SUP 2: 97.770 - Low Sept 22 
*SUP 3: 97.720 - 2017 Low Sept 21 
*SUP 4: 97.605 - 2015 Low Dec 12
*COMMENTARY: The 21-DMA has capped the recovery from Dec lows and ensures that
focus remains on the 97.720-770 support region. The lack of downside follow
through Wednesday is less than I deal for bears. In saying that, bull continue
to look for a close above 97.910 to confirm a break of the 21-DMA and above the
55-DMA (97.969) to shift immediate focus to 98.015-065 where the 200-DMA
(98.035) is located.

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