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(M18) Bulls Need Close Above....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M18) Bulls Need Close Above 97.770 
*RES 4: 97.831 - Daily Bear channel top 
*RES 3: 97.815 - 55-DMA 
*RES 2: 97.770 - Lows May 9 & 10 now resistance 
*RES 1: 97.750 - Lows May 3 & 4 now resistance
*PRICE: 97.735 @ 2130GMT
*SUP 1: 97.686 - Bollinger band base 
*SUP 2: 97.675 - 2018 Low Apr 24 
*SUP 3: 97.605 - 2015 Low Dec 15 2015 
*SUP 4: 97.510 - High Nov 25 2014 now support
*COMMENTARY: Hesitation ahead of the 55 & 100-DMAs has taken its toll with a
sell-off that sees immediate focus back on tests of 2018 lows. Daily studies are
well placed for a fresh leg lower. Bears now look for a close below 97.675 to
shift focus to 97.605 2015 lows. Bulls now need a close above 97.770 to ease
bearish pressure and shift initial focus to 97.815-865 where 55 & 100-DMAs are
noted.

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