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(M18) Pressure On 2018 High....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Pressure On 2018 High & 100-WMA 
*RES 4: 97.5200 - Monthly High Dec 4
*RES 3: 97.5000 - High Dec 8
*RES 2: 97.4691 - 100-WMA
*RES 1: 97.3850 - 2018 High Jan 8
*PRICE: 97.3750 @ 2030GMT
*SUP 1: 97.3550 - High Mar 23 now support
*SUP 2: 97.2967 - 200-DMA
*SUP 3: 97.2750 - Alternating hourly support/resistance
*SUP 4: 97.2013 - 55-DMA
*COMMENTARY: The contract has found support around the 200-DMA this week
providing the impetus for a rally that is pressuring 2018 highs. Bulls look for
a close above the 100-WMA to confirm a break and a shift in initial focus to
97.5000-5200 where Dec highs are located. Initial support is now noted at
97.3550 but bears look for a close below the 200-DMA to hint at a correction
back to the 55-DMA.

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