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Bounce Considered Corrective


Late SOFR/Treasury Option Roundup


Pierces The 50-Day EMA

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Key DMAs $0.7739-0.7840 *RES 4:........>

AUSSIE TECHS: Key DMAs $0.7739-0.7840
*RES 4: $0.7814 - Falling daily TL off 2018 high
*RES 3: $0.7810 - 200-DMA
*RES 2: $0.7784 - High Mar 22
*RES 1: $0.7739 - 21-DMA
*PRICE: $0.7696 @ 0430GMT
*SUP 1: $0.7662 - Low Apr 4 
*SUP 2: $0.7630 - 100-WMA, Low Dec 14 
*SUP 3: $0.7596 - Bollinger band base 
*SUP 4: $0.7580 - High Dec 12 now support
*COMMENTARY: Recent hesitation ahead of 2018 lows has seen the pair correct
higher with immediate focus now on DMAs $0.7739-0.7840. Bulls continue to look
for a close above the 55-DMA ($0.7840) to shift initial focus to $0.7916 and
overall focus back to $0.8135-62. Momentum has corrected to more neutral levels
but the Slow Stochastic remains very O/S with bears now needing a close below
the 100-WMA to reconfirm focus on $0.7500-80.

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