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(M18) 97.1500 Support Now......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) 97.1500 Support Now Key 
*RES 4: 97.3179 - 200-WMA
*RES 3: 97.2669 - 200-DMA
*RES 2: 97.2319 - 55-DMA
*RES 1: 97.2136 - 100-DMA
*PRICE: 97.1950 @ 2130GMT
*SUP 1: 97.1714 - 21-DMA
*SUP 2: 97.1500 - Alternating daily support/resistance
*SUP 3: 97.1000 - Hourly resistance May 17 now support
*SUP 4: 97.0677 - Bollinger band base
*COMMENTARY: Bears have so far failed to gain traction below the LT weekly bull
channel base (97.1024). Bulls take comfort in the close above the 21-DMA that
sees focus now back on 97.2136-3179 where key DMAs and WMAs are situated. Daily
studies are well placed for gains with correcting O/S studies adding support to
the bullish case. Bears now need a close below 97.1500 to ease renewed bullish
pressure.

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