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(H9) More Fuel for Bulls *RES...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) More Fuel for Bulls
*RES 3: 98.310 - 61.8% Fib 98.700-97.675
*RES 2: 98.192 - Up Trendline
*RES 1: 98.190 - 50% Fib 98.700-97.675
*PRICE: 98.170 @ 15:59 GMT, Dec 20
*SUP 1: 97.775 - 76.4% 97.675-98.100
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
After a mid-week pause, bulls welcomed the Fed's rate decision which managed to
knock equity markets globally. The next key resistance levels are yet to be
broken, but momentum clearly remains in favour of further upside (although this
may pause somewhat over the holiday period). Bulls continue to shift their
targets higher having broken above the Dec 7 high & Nov 30 2017 highs at
98.100/110, opening the 50% retracement level at 98.19. The 200-dma remains firm
support at 97.877, below here opens the 76.4% retracement of the 97.675-98.050
move at 97.775.

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