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(M18) Bears Need Close Below...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Bears Need Close Below 97.3600 
*RES 4: 97.5200 - Monthly High Nov 30
*RES 3: 97.5000 - High Dec 8
*RES 2: 97.4400 - 2018 High Apr 3
*RES 1: 97.4141 - 100-WMA
*PRICE: 97.3950 @ 2130GMT
*SUP 1: 97.3600 - High Apr 9 now support
*SUP 2: 97.2950 - Low May 29
*SUP 3: 97.2651 - 200-DMA
*SUP 4: 97.2372 - 55-DMA
*COMMENTARY: Bears failed to gain traction below the LT weekly bull channel base
(97.1046) last week with the contract now looking to gain traction above the
200-WMA (97.3223). Focus is now on layers of resistance 97.4141-5200 where
monthly and 2018 highs and the 100-WMA are located. The 97.3600 support is key
today. Bears need a close below this level to ease bullish pressure and hint at
a correction back to the 200-DMA.

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