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(H18) Pressure Back On 97.890...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H18) Pressure Back On 97.890 Key Support 
*RES 4: 98.015 - Alternating daily support resistance 
*RES 3: 97.982 - 200-WMA 
*RES 2: 97.976 - 200-DMA 
*RES 1: 97.955 - High Dec 15
*PRICE: 97.900 @ 2030GMT
*SUP 1: 97.890 - High Feb 9 now support 
*SUP 2: 97.841 - 55-DMA 
*SUP 3: 97.790 - Low Feb 8 
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: Hesitation ahead of the 97.955-98.015 resistance region to start
the new week is less than ideal for bulls with key MAs and the daily bear
channel top off June highs are situated. Layers of support have accumulated but
bears look for a close below 97.890 to ease bullish pressure and below 97.790 to
return initial focus to tests of 2018 lows (97.690). The Bollinger band top
(97.928) is the key concern for bulls and currently limits follow through.

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