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(H9) Lacks Momentum to Take.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Lacks Momentum to Take the Price Lower
*RES 4: 98.560 - Oct3 2016 High
*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 @ 16:21 GMT Feb 19
*SUP 1: 98.220 - 50-dma
*SUP 2: 98.056 - 100-dma
*SUP 3: 97.727 - 50% 96.754-98.700
*SUP 4: 97.719 - June low
Aussie 3yr futures stabilised somewhat during the Monday session, with momentum
evaporating entirely Tuesday. The onus, however, remains to the downside,
setting bears up nicely for a test on 98-30. A fall through here would open the
50-dma at 98.226 ahead of the 98.00 handle. Should bulls regain some fervour
from Monday, upside targets hold at 98.45 and 98.560, marking the Nov9 2016 high
and the Oct3 2016 respectively.

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