(U9) Eyes on the trendline......>

AUSSIE 3-YEAR TECHS: (U9) Eyes on the trendline

*RES 3: 99.343 - 1st Pivot Resistance (98.520-99.155)

*RES 2: 99.222 - 3% Upper Bollinger Band

*RES 1: 99.155/167 - All Time High/2% Bollinger Band

*PRICE: 99.075 @ 16:15 BST Jul 1

*SUP 1: 99.005 - 23.6% Fib Retracement (98.520 - 99.155)

*SUP 2: 98.903 - 50-dma

*SUP 3: 98.700 - 100-dma

Despite the pullback off all time highs, 3-yr futures based ahead of trendline

support drawn off the Apr 16 low. This comes in around 99.004 Monday, which

should keep the medium-term uptrend alive. 99.155 remains the initial target,

ahead of the 3% upper Bollinger band at 99.222. Any move below the trendline

could see a short-term correction, initially from the 23.6% retracement level,

ahead of the 50-dma.