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(U17) 97.980 Support Confirms...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U17) 97.980 Support Confirms Significance 
*RES 4: 98.090 - High Aug 4 
*RES 3: 98.069 - 200-DMA 
*RES 2: 98.067 - 55-DMA 
*RES 1: 98.041 - 21-DMA
*PRICE: 98.020 @ 2130GMT
*SUP 1: 98.001 - Bollinger band base 
*SUP 2: 97.990 - Low Aug 23 
*SUP 3: 97.980 - Alternating daily support/resistance 
*SUP 4: 97.940 - Low July 26
*COMMENTARY: Pressure on the 98.000 support took its toll with a dip back
towards the key 97.980 support only to bounce, confirming the significance of
97.980. Bears look for a close below 97.980 to add weight to the case for a move
back to 97.810-860. Narrowing Bollinger bands remain suggestive of a break out.
Bulls now look for a close above the 21-DMA to ease bearish pressure and above
98.090 to initially target 98.128-130.

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