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(M9) Hovering Below All Time....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Hovering Below All Time Highs
*RES 3: 99.104 - 123.6% Fib Projection (97.775-98.850)
*RES 2: 98.933 - 1st Pivot Resistance 98.520-98.850
*RES 1: 98.850 - All Time High
*PRICE: 98.840 @ 16:19 BST May 22
*SUP 1: 98.668 - 50-dma
*SUP 2: 98.596 - 23.6% Fib Retracement (97.775 - 98.850)
*SUP 3: 98.488 - 100-dma
Prices hovered just below all time highs for much of the Wednesday as the dovish
speech from RBA's Lowe earlier in the week continues to support prices. Pivot
resistance is eyed at 98.933 as the first target. The RSI remains comfortably
below overbought conditions, providing further impetus for markets to load up on
longs. To shift the outlook negative, a retracement below the 98.573 mark is
needed to weaken momentum.

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