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(U18) Gains Capped For Now.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Gains Capped For Now
*RES 4: 97.6750 - High, June 15, 17 (Continuation chart)
*RES 3: 97.6200 - High April 8, 17 (Continuation chart)
*RES 2: 97.5950 - 50% 98.2000-96.9875
*RES 1: 97.5325 - 2-month trendline resistance
*PRICE: 97.4250 @ 17:56 GMT, Sep 7
*SUP 1: 97.3900 - Bottom of current range (beg. Aug 10), 50-DMA
*SUP 2: 97.3650 - Former range top, now support
*SUP 3: 97.3050 - 2.5 month uptrend
*SUP 4: 97.2400 - Low Aug 2
The contract is consolidating following a reversal following a false break
higher on September 3 (intraday high of 97.5250, close at 97.480). The overall
medium- and long-term trends remain bullish though gains could be capped by the
top of the trend channel at 97.5325. Before that, fading momentum suggests a
potential test of support around 97.3900 - which represents the bottom of
current range (entered on Aug 10) as well as the 50-DMA - could soon be tested.

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