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(U18) Testing Support *RES.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) 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: 97.4150 @ 16:52 GMT, Sep 10
*SUP 1: 97.4025 - 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 contract is consolidating following a reversal following a false break
higher on September 3 (intraday high of 97.5250, close at 97.480). Support at
97.4025, representing the 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 would confirm the overall bullish trends over the medium- and long-terms
though gains could be capped by the top of the trend channel around 97.5325.

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