(U9) Fed props up fresh highs...>

AUSSIE 3-YEAR TECHS: (U9) Fed props up fresh highs

*RES 3: 99.473 - 1st Pivot Resistance (98.520-99.240)

*RES 2: 99.303 - 3% Upper Bollinger Band

*RES 1: 99.240 - All Time High

*PRICE: 99.210 @ 19:34 GMT Jul 31

*SUP 1: 99.143 - 38.2% Fib Retracement (99.010 - 99.225)

*SUP 2: 99.057 - 50-dma

*SUP 3: 98.862 - 100-dma

3-year futures got yet another boost Wednesday, edging to fresh all time highs

as the Fed delivered the first rate cut in over ten years. The move's

sustainability now turns to RBA policy, with this week's better-than-expected

CPI numbers calling the outlook into question. Relatively little resistance is

seen until 99.450 and it looks far too soon to resume a 'sell rallies' strategy,

with bulls firmly in control. For the outlook to weaken, markets need to take

out the 50-dma at 99.057 after key Fib support at 99.143.