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(H9) Picks Up Where It Left.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Picks Up Where It Left Off
*RES 3: 98.458 - 76.4% 98.700-97.675
*RES 2: 98.450 - High Nov 9 2016
*RES 1: 98.370 - Jan3 2019 High
*PRICE: 98.195 @ 16:29 GMT Jan21
*SUP 1: 97.981/830 - 100-dma/76.4% 97.675-98.285
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
After trading in a very tight range last week, Aussie 3yr futures picked up
where they left off after a poor finish Friday. This sets up bears up nicely for
the week with 98.145 becoming the initial target before 98.051, the 50-dma.
Further bullish momentum will be required to tilt the outlook more positive,
which would initially set sights on the recent multi-year highs of 98.370.
Nonetheless, the medium- to longer-term trend remains bullish. A recovery and
close back above 98.37 would open the Nov 9 high 2016 at 98.450.

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