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(H9) Two-way Risk Remains......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Two-way Risk Remains
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.8950 @ 16:26 GMT, Feb20
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
Wednesday trade was non-directional, keeping the broader themes in tact. Bears
continue to fail to find second gear and target 97.8250 support but more is
needed to shift the outlook bullish. The 50-dma at 97.7318 remains key support.
A fall through here would see bears fully regain control, targeting a move
toward the 61.8% Fib retracement for the 91.19-97.965 move at 97.4861. To the
upside, a break back above the Feb8 highs of 97.9350 would open 97.9650 and
98.09 above there.

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