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(Z18) Another Step Closer To....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Another Step Closer To Cycle Highs
*RES 3: 98.110 - High Nov 30, 17
*RES 2: 98.092 - 61.8% 98.350-97.675
*RES 1: 98.067 - 38.2% 98.700-97.675
*PRICE: 97.945 @ 16:01 GMT, Dec 4
*SUP 1: 97.764 - 76.4% 97.675-98.050
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
Despite a modest wave of profit taking following prints as high as 97.965, bulls
remain firmly in the driving seat, bring the November rally another step closer
to the recent 97.98 cycle highs. This keeps focus on the first upside target at
98.067 for now. Resistance ahead of the October highs at 97.98 may slow
proceedings, however. Any recovery through here would open a move toward the
98.092 Fib resistance level. Momentum indicators continue to point higher,
meaning this bull run could comfortably extend into the coming week. The 97.87
200-dma remains firm support with pullbacks shallow for now.

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