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(Z18) Bulls Betrayed *RES 3:....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Bulls Betrayed
*RES 3: 98.110 - High Nov 30, 17 (Continuation Chart)
*RES 2: 98.092 - 61.8% 98.350-97.675 (Continuation Chart)
*RES 1: 98.067 - 38.2% 98.700-97.675
*PRICE: 97.865 @ 16:20 GMT, Nov 2
*SUP 1: 97.795 - High June 11/13 now support
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
Friday price action confirmed a very bad week for bulls, with 3yr futures once
again printing lower lows and erasing the entirety of the recent uptick. This
puts short-term momentum well into the bears' favour and downside focus shifts
the 97.795 mark and 97.753 trendline support. Bulls are forced to keep an eye on
97.98 and will need to recover above here to repair the technical picture. A
break above here would keep recent highs printed in early September at 98.05 in
focus, sitting just below key Fibo resistance at 98.067.

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