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(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.

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