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(M9) Plays the Range *RES 3:....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (M9) Plays the Range
*RES 3: 99.011 - 123.6% Fib Projection (97.775-98.775)
*RES 2: 98.835 - 1st Pivot Resistance 98.520-98.775
*RES 1: 98.775 - All Time High
*PRICE: 98.725 @ 16:02 BST Apr 30
*SUP 1: 98.539 - 23.6% Fib Retracement (97.775 - 98.775)
*SUP 2: 98.545 - 50-dma
*SUP 3: 98.382 - 100-dma
Prices went nowhere fast Tuesday, extending the muted trend seen since the
beginning of the week. This keeps upside targets up at the 1st pivot resistance
at 98.835 and the 123.6% Fib projection at 99.011. Momentum obviously continues
to point higher for now, but any downside move may find support at the 50-dma at
98.545. Any fall through here will dent the technical outlook and return sights
to the April lows of 95.520.

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