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(U18) Seeking Direction *RES....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U18) Seeking Direction
*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 @ 1647 GMT, Sep 10
*SUP 1: 97.963 - Bottom of 1-month trend channel
*SUP 2: 97.907 - 3-Month trendline support, top end of Jul-Aug range
*SUP 3: 97.820 - Low July 24
*SUP 4: 97.795 - High June 11/13 now support
The Sep-18 future contract continues to consolidate 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 current trend channel at
97.963, with the longer-term uptrend at 97.910 below that.

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