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(Z18) Grinds Higher to Finish...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Grinds Higher to Finish Week Well
*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: 97.875 @ 15:33 GMT, Nov 23
*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 volumes and liquidity being light due to US market holidays, Aussie 3yr
bonds managed to finish the week on a positive note, allowing bulls to enter the
weekend with some confidence. The grind higher across the week has now done
enough to shift the outlook positive, eyeing 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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