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(Z18) From Strength to..........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) From Strength to Strength
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.4050 @ 16:09 GMT, Nov 30
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
After briefly stalling Wednesday, bulls clearly remain in control with markets
on track to mark the strongest weekly close since late August. This keeps bulls
firmly in control, retaining the upside target of 97.44. A rally through here
would open 97.5950, confirming a bullish breakout and targeting the high
watermark up to 97.6200. For bears to regain the upper hand, a close below the
Nov9 lows at 91.19 would renew downside pressure and open the door to a leg
lower to 97.1450 and YTD lows.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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