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(M18) Below 97.1750 To.........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Below 97.1750 To Target 2018 Low 
*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: 97.2400 @ 2130GMT
*SUP 1: 97.2285 - 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: The dip below the 55-DMA lacked follow through which is a concern
for bears with daily studies now at O/S levels. 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 need a close above 97.2950
to gain breathing room and above 97.3600 to return initial focus to
97.4000-4400.

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