(Z8) Status Quo *RES 3:.........>

AUSSIE 3-YEAR TECHS: (Z8) Status Quo

*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: 98.025 @ 16:30 GMT, Dec 12

*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 such strength at the beginning of December, bulls are beginning to look

somewhat fatigued, with prices retracing back to the week's lows Wednesday.

There's little sign of a bearish breakout anytime soon, but further weakness

could follow a fall through 98.01. This leaves the outlook largely neutral for

now. 98.10 remains the high watermark, just shy of the Nov30 2017 highs at 98.11

which become the first resistance level. 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.