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(M18) Bears Need Close Below...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Bears Need Close Below 97.1500 
*RES 4: 97.3600 - High Apr 9
*RES 3: 97.3127 - 200-WMA
*RES 2: 97.2755 - 200-DMA
*RES 1: 97.2600 - High Apr 18
*PRICE: 97.1950 @ 2130GMT
*SUP 1: 97.1800 - Low May 10
*SUP 2: 97.1500 - High Apr 24 now support
*SUP 3: 97.0873 - Weekly Bull channel base off 2008 Low
*SUP 4: 97.0800 - Low Feb 21
*COMMENTARY: The recovery from Apr lows has stalled ahead of the 200-DMA with
the 200-WMA lurking just above as daily studies correct from O/B levels. Bulls
now need a close above the 200-WMA to shift initial focus to 97.4000-4400.
Although the contract is capped ahead of the 200-DMA bears still need a close
below 97.1500 to ease pressure on key DMAs and to reconfirm initial focus on
2018 lows.

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