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(M18) Aggressive Bounce........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Aggressive Bounce Ahead of 55-DMA 
*RES 4: 97.3850 - 2018 High Jan 8
*RES 3: 97.3242 - Bollinger band top
*RES 2: 97.3202 - 55-WMA
*RES 1: 97.3150 - High Mar 20
*PRICE: 97.2700 @ 2030GMT
*SUP 1: 97.2550 - Alternating hourly support/resistance
*SUP 2: 97.2000 - 55-DMA
*SUP 3: 97.1750 - Hourly resistance Feb 23 now support
*SUP 4: 97.1518 - Bollinger band base
*COMMENTARY: Topside hesitation has taken its toll with the sell-off seeing a
dip back towards 97.1750-2000 before being aggressively reversed ahead of the
55-DMA. Bulls continue to look for a close above the 55-WMA to initially target
97.3850 2018 highs. Bears now look for a close below 97.1750 to confirm a break
of the 55-DMA, ending bullish hopes and seeing focus back on 97.0450-0800 where
2018 lows are found.

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