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(Z18) Stands Pat *RES 3:........>
AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Stands Pat
*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: 97.945 @ 16:43 GMT, Oct 31
*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
Despite failing to break higher, the technical picture remains in favour of the
bulls, with prices holding well toward the upper end of the recent range despite
recent consolidation. This keeps recent highs printed in early September at
98.05 in focus, sitting just below key Fibo resistance at 98.067. The close
above the 97.923 level, which triggered the rally, continues to work in the
bulls' favour and to reignite negative momentum, bears need a break below 97.86
to eye trendline support at 97.753.
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