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(H9) Bounces off 50-dma *RES....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Bounces off 50-dma
*RES 3: 98.458 - 76.4% 98.700-97.675
*RES 2: 98.450 - High Nov 9 2016
*RES 1: 98.445 - 2019 High
*PRICE: 98.330 @ 15:56 GMT Mar 5
*SUP 1: 98.281 - 50-dma
*SUP 2: 98.106 - 100-dma
*SUP 3: 97.727 - 50% 96.754-98.700
Tuesday price action provided few fresh technical signals. Despite a firm test
of support ahead of the 50-dma Monday, bears failed to secure a meaningful break
below, keeping the near-term outlook neutral. The 50-dma could easily be
re-challenged, however, should regional equities re-gather upside momentum.
Below here opens a move toward the 98.00 handle. Should bulls regain momentum,
upside targets hold at 98.45 and 98.560, marking the Nov 9 2016 high and the Oct
3 2016 high respectively.

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