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(U18) Heading Lower *RES 4:.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U18) Heading Lower
*RES 4: 98.190 - 50% Fib 98.700-97.675 (Continuation Chart)
*RES 3: 98.110 - High Nov 30, 17 (Continuation Chart)
*RES 2: 98.092 - 61.8% 98.350-97.675
*RES 1: 98.050 - Intraday High Sep 3, Upper Bound Of Trend Channel
*PRICE: 97.970 @ 16:30 GMT, Sep 11
*SUP 1: 97.925 - Bottom of Aug-Sep range, top of late Jul-Aug range
*SUP 2: 97.903 - 3-Month trendline support
*SUP 3: 97.820 - Low July 24
*SUP 4: 97.795 - High June 11/13 now support
The Sep-18 future contract continues to head lower following its daily reversal
on Sep 3. The 98.05 3-month high hit last week represents the biggest obstacle
for bulls, as resistance at the top of a multi-month trend channel. On a
downside move, support comes in at the bottom of the late Aug-Sep range/top of
the late Jul-Aug range at 97.925, with the longer-term uptrend at 97.903 below
that.

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