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(M18) Pressuring LT Bull.......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Pressuring LT Bull Channel Base 
*RES 4: 97.2423 - 55-DMA
*RES 3: 97.2223 - 100-DMA
*RES 2: 97.1800 - Low May 10 now resistance
*RES 1: 97.1500 - Alternating daily support/resistance
*PRICE: 97.0850 @ 2130GMT
*SUP 1: 97.0800 - Low Feb 21
*SUP 2: 97.0450 - 2018 Low Feb 6
*SUP 3: 96.9875 - 2017 Low Mar 10 2017
*SUP 4: 96.8850 - Low July 14 2015
*COMMENTARY: Having remained capped ahead of the 200-DMA during May so far has
taken its toll with a sharp sell-off that sees immediate focus back on 2018
lows. The LT weekly bull channel base is noted at 97.0873 with a close below
97.0450 needed to confirm a break and initially target 2017 lows. Bulls now look
for a close above 97.1800 to ease immediate bearish pressure and above the
200-WMA (97.3151) to target 97.4000-4400.

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