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(U18) Still Testing Support....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Still Testing Support
*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: 97.4100 @ 16:41 GMT, Sep 11
*SUP 1: 97.4069 - Short-term uptrend beginning Aug 13
*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 Sep18 contract is consolidating following a reversal following a false break
higher on September 3 (intraday high of 97.5250, close at 97.480). Near-term
support at 97.4069, which represents the short-term uptrend beginning Aug 13, is
currently being tested. If that breaks, next support is at the former range top
at 97.3650. A bounce here though would confirm the M/T bullish trend, though
gains could be capped by the top of the trend channel around 97.5325.

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