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(M18) Layers Of Resistance......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M18) Layers Of Resistance 97.799-882 
*RES 4: 97.865 - High Apr 10 
*RES 3: 97.820 - Highs May 7 & 8 
*RES 2: 97.816 - Daily Bear channel top 
*RES 1: 97.799 - 55-DMA
*PRICE: 97.785 @ 2130GMT
*SUP 1: 97.771 - 21-DMA 
*SUP 2: 97.735 - Hourly support May 21 
*SUP 3: 97.700 - Low May 17 
*SUP 4: 97.675 - 2018 Low Apr 24
*COMMENTARY: Support emerging ahead of 2018 lows last week has provided the
impetus for closes above the 21-DMA & 97.770 with immediate focus now on layers
of resistance 97.799-882 where 55, 100 & 200-DMAs and a bear channel top are
noted. The 21-DMA is now initial support but bears look for a close below 97.735
to return initial focus to 97.675-700 where 2018 lows are noted.

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