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(U18) Holding On After..........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U18) Holding On After Bearish Reversal
*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: 97.995 @ 1641 GMT
*SUP 1: 97.900 - Support
*SUP 2: 97.820 - Low July 24
*SUP 3: 97.795 - High June 13 now support
*SUP 4: 97.755 - Low June 11
Sep-18 futures saw a daily reversal on Sep 3, coming off an intraday high of
98.05 which represents resistance at the top of a multi-month trend channel. The
contract now needs to hold around the current area of support at 98.00
(mid-August range top) that is currently being tested in order for the
short-term and medium-term bullish outlooks to hold. On a break down, 97.90
support would need to be broken in order for bears to wrest control.

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