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(M18) Bears Focused On.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Bears Focused On 97.1750-2256 
*RES 4: 97.4400 - 2018 High Apr 3
*RES 3: 97.4000 - Hourly resistance Apr 3
*RES 2: 97.3600 - High Apr 9
*RES 1: 97.2950 - Hourly support Apr 12 now resistance
*PRICE: 97.2600 @ 2130GMT
*SUP 1: 97.2256 - 55-DMA
*SUP 2: 97.2100 - Low Mar 22
*SUP 3: 97.1750 - Hourly resistance Feb 23 now support
*SUP 4: 97.0800 - Low Feb 21
*COMMENTARY: Topside failures ahead of 97.3600 leave the contract looing heavy
with focus currently on 97.1750-2256 where the 55-DMA is noted. Bears need a
close below 97.1750 to confirm a break of the 55-DMA and to return focus to
97.0450-0800 where the LT bull channel base off 2008 lows is situated. Bulls now
need a close above 97.3600 to return initial focus to 97.4000-4400.

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