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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: 97.2289 - 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: 97.0950 @ 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: 96.9875 - 2017 Low Mar 10 2017
*COMMENTARY: The contract remains offered with immediate bearish focus on
97.0450-0800 where the weekly bull channel base off 2008 lows is located. O/S
studies and the Bollinger base (97.0845) remain key concerns for bears. Bulls
now need a close above 97.1500 to gain breathing room and above the 200-DMA
(97.2805) to shift initial focus back to 97.3600 and overall focus to
97.4000-4400. Below 96.9650 is needed to initially 2015 lows (96.7950).

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