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(M18) Bulls Need Close Above...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Bulls Need Close Above 97.1500 
*RES 4: 97.2303 - 55-DMA
*RES 3: 97.2100 - Low Apr 17 now resistance
*RES 2: 97.1850 - Hourly resistance Apr 20
*RES 1: 97.1500 - High Apr 24
*PRICE: 97.1200 @ 2130GMT
*SUP 1: 97.0800 - Low Feb 21
*SUP 2: 97.0688 - Weekly Bull channel base off 2008 Low
*SUP 3: 97.0450 - 2018 Low Feb 6
*SUP 4: 96.9650 - Monthly Low Dec 7 2015
*COMMENTARY: Losses continue and add to bearish confidence with the contract
remaining offered and bears focused on 97.0450-0800 where the weekly bull
channel base off 2008 lows is located. O/S studies and the Bollinger base
(97.1096) remain key concerns for bears. Bulls now need a close above 97.1500 to
gain breathing room and above the 200-DMA (97.2816) to shift initial focus back
to 97.3600 and overall focus to 97.4000-4400.

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