(U0) Playing the Range *RES.....>

AUSSIE 3-YEAR TECHS: (U0) Playing the Range

*RES 3: 99.780 - High Apr 01 and bull trigger

*RES 3: 99.750 - High May 21 and 22

*RES 1: 99.730 - Congestion highs between Jun 15 - 22

*PRICE: 99.695 @ 16:35 BST Jul 16

*SUP 1: 99.680 - Low Jun 14

*SUP 2: 99.650 - 38.2% March - April Rally

*SUP 3: 99.645 - Low Mar 20

The short-end of the Aussie is trading close to the lowest levels of the recent

weeks, with 99.680 the new low watermark. A break of this level would signal

scope for an extension lower towards Fib support at 00.650. Clearance of these

two levels would also represent a potentially significant technical break. On

the upside, the initial hurdle for bulls is at the 99.730 congestion, highs

between Jun 15 - 22. A break would signal scope for a climb towards 99.780, Apr

1 high further out.