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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: 97.865 - High Apr 10 
*RES 3: 97.821 - Daily Bear channel top 
*RES 2: 97.803 - 55-DMA 
*RES 1: 97.770 - Lows May 9 & 10 now resistance
*PRICE: 97.765 @ 2130GMT
*SUP 1: 97.735 - Hourly support May 21 
*SUP 2: 97.700 - Low May 17, Bollinger band base 
*SUP 3: 97.675 - 2018 Low Apr 24 
*SUP 4: 97.605 - 2015 Low Dec 15 2015
*COMMENTARY: Bulls take comfort in support emerging ahead of 2018 lows last week
and pressure returning to the 21-DMA. Bulls continue to look for a close above
97.770 to ease bearish pressure, confirm a break of the 21-DMA and shift initial
focus to 97.803-865 where 55 & 100-DMAs are noted. While 97.770 caps bears
retain the advantage with immediate focus on 2018 lows. Below 97.675 shifts
focus to 97.605 2015 lows.

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