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(M9) Momentum Required in.......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Momentum Required in Either Direction
*RES 3: 98.918 - 123.6% Fib Projection (97.775-98.700)
*RES 2: 98.813 - 1st Pivot Resistance 98.270-98.700
*RES 1: 98.700 - 2019/All Time High
*PRICE: 98.565 @ 16:13 BST Apr 17
*SUP 1: 98.493 - 50-dma
*SUP 2: 98.482 - 23.6% Fib Retracement (97.775 - 98.700)
*SUP 3: 98.327 - 100-dma
The Wednesday session proved quiet, as has the rest of the week for Aussie 3yr
futures, providing few new technical clues for future direction after an
outwardly negative weekly close Friday. This keeps bears on the front foot this
week, initially targeting the 50-dma at 98.493 ahead of key Fib support at
98.482. Bulls need to recover last week's best levels at 98.655 before even
considering all time highs at 98.70.

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