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(U18) Set To Test Downtrend.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U18) Set To Test Downtrend
*RES 4: 97.965 - 2018 High July 2
*RES 3: 97.950 - High July 4
*RES 2: 97.935 - High July 17
*RES 1: 97.913 - Near Term Pivotal
*PRICE: 97.880 @ 16:05 GMT
*SUP 1: 97.820 - Low July 24
*SUP 2: 97.800 - Support
*SUP 3: 97.795 - High June 13 now support
*SUP 4: 97.755 - Low June 11
The Australian 3-year bond is continuing to extend gains and now seems set to
test near-term down trendline resistance at the 97.890 level. A break above here
would add to the developing bullish structure, putting pressure on the
97.910/9713 area, which includes the top of the recent trading range and daily
pivotal resistance. Gains above here would confirm that a major corrective
bottom has been established, turning the medium term outlook bullish.

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