(U18) Support Not Yet Broken....>

AUSSIE 3-YEAR TECHS: (U18) Support Not Yet Broken

*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: 97.945 @ 15:33 GMT, Sep 14

*SUP 1: 97.925 - Bottom of Aug-Sep range, top of late Jul-Aug range

*SUP 2: 97.924 - 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, which is reinforced by the 3-month trendline

support at 97.924 below that.