(M18) Topside Follow Through....>

AUSSIE 3-YEAR TECHS: (M18) Topside Follow Through Lacking 

*RES 4: 97.935 - High Mar 15 

*RES 3: 97.930 - Weekly Bear channel top off 2016 high 

*RES 2: 97.910 - High Mar 29 

*RES 1: 97.878 - 200-DMA

*PRICE: 97.840 @ 2130GMT

*SUP 1: 97.813 - 100-DMA 

*SUP 2: 97.797 - 55-DMA 

*SUP 3: 97.792 - 21-DMA 

*SUP 4: 97.770 - Low May 24

*COMMENTARY: Rejection ahead of the weekly bear channel top off 2016 highs is

less than ideal with daily studies correcting from O/B. The closes below the

200-DMA are a concern with focus having returned to layers of support 97.770-813

where key DMAs are noted. Bears now need a close below 99.770 to return focus to

2018 lows. Bulls need a close above the 200-DMA to gain breathing room and above

97.955 to shift focus to 98.110 Dec highs.