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(Z8) Bulls Press Pause *RES.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z8) Bulls Press Pause
*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: 98.050 @ 15:56 GMT, Dec 7
*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
Bulls lost steam somewhat Friday after a pretty remarkable run over the past
fortnight or so. 98.10 now marks the high watermark, just shy of the Nov30 2017
highs at 98.11 which become the first resistance level. Despite the pause in
bullish momentum Friday, it's clear to see bulls remain on the front foot and
it's difficult to see momentum petering out from here. 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. For bears, the downside target remains
at 97.764, the 76.4% retracement of the 97.675-98.050 move.

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