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(Z18) Grind Higher Resumes......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Grind Higher Resumes
*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: 97.890 @ 15:51 GMT, Nov 27
*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
After the strong finish last week, bulls remain in control, with Aussie bonds
largely resuming their recent grind higher Tuesday. This keeps the outlook
positive, keeping the first upside target at 98.067. A break above here would
expose 98.11, the highs printed back in November last year. For bears, the
downside target remains at 97.764, the 76.4% retracement of the 97.675-98.050
move. A move below here would erode the bullish outlook and prompt markets to
eye trendline support at 97.753.

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