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(Z18) Still in Pause *RES 3:....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Still in Pause
*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: 97.830 @ 16:40 GMT, Nov 13
*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
Monday's uninspiring price action extended into Tuesday trade, with bulls still
licking their wounds after a drubbing from the beginning of last week. 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 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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