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(Z8) Bulls Look to Reload.......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z8) Bulls Look to Reload
*RES 3: 98.192 - Up Trendline
*RES 2: 98.190 - 50% Fib 98.700-97.675
*RES 1: 98.110 - High Nov 30, 17
*PRICE: 98.060 @ 16:06 GMT, Dec 10
*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 Bulls lost steam Friday, Monday trade was a very similar affair after a
pretty remarkable run over the past fortnight or so. 98.10 remains the high
watermark, just shy of the Nov30 2017 highs at 98.11 which become the first
resistance level. Despite the pause in momentum Friday that's extended into this
week, it's clear to see bulls remain on the front foot and it's difficult to see
momentum petering out just yet. Bulls shift their upside targets higher, to
98.19 and 98.35 above there. The 97.872 200-dma remains firm support with
pullbacks shallow for now.

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