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(U17) Layers of Resistance......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U17) Layers of Resistance 98.050-140 
*RES 4: 98.118 - 100-DMA 
*RES 3: 98.092 - 200-DMA 
*RES 2: 98.080 - High June 30 
*RES 1: 98.050 - High July 27
*PRICE: 98.040 @ 2130GMT
*SUP 1: 98.002 - 21-DMA 
*SUP 2: 97.980 - Alternating daily support/resistance 
*SUP 3: 97.940 - Low July 26 
*SUP 4: 97.926 - Bollinger band base
*COMMENTARY: The contract is gaining traction above the 21-DMA with pressure
remaining on the 98.050 resistance. Layers of resistance 98.050-140 where DMAs
are located remains key. Bulls need a close above the 55-DMA (98.140) to end
bearish hopes and initially target 98.200-240. The 97.980-002 support region is
key. Bears need a close below 97.980 to confirm a break of the 21-DMA and shift
focus back to 97.860 July lows.

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