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(Z18) Likely Quiet For Rest.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Likely Quiet For Rest of Week
*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: 97.850 @ 15:50 GMT, Nov 22
*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
Thanksgiving kept bond markets quiet across the board Thursday, doing little to
change the outlook for the Aussie 3yr with the bias still tilted slightly lower.
The downside target remains at 97.764, the 76.4% retracement of the
97.675-98.050 move. A move below here would cement the mildly negative outlook
and keep short-term momentum in favour of the bears. Bulls are forced to target
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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