(U0) Testing Key Support *RES...>

AUSSIE 3-YEAR TECHS: (U0) Testing Key Support

*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 @ 16:11 BST Jul 15

*SUP 1: 99.680 - Low Jun 14

*SUP 2: 99.665 - 100-dma

*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 99.690, Jun 8 low. 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.