(U9) Short-lived highs *RES.....>

AUSSIE 3-YEAR TECHS: (U9) Short-lived highs

*RES 3: 99.633 - 1st Pivot Resistance (98.520-99.385)

*RES 2: 99.451 - 3% Upper Bollinger Band

*RES 1: 99.385 - All Time High

*PRICE: 99.325 @ 14:01 GMT Aug 6

*SUP 1: 99.242 - 38.2% Fib Retracement (99.010 - 99.385)

*SUP 2: 99.090 - 50-dma

*SUP 3: 98.894 - 100-dma

Markets hit fresh highs up at 99.385 as the US Treasury's designation of the

PBoC as a 'Currency Manipulator' triggered a fresh rush to safe havens. This was

quickly countered by the RBA, however, who kept policy unchanged, although

retained an easing bias. A pause in the rally in the three-year looks the most

likely outcome from here, with decent resistance layered above at the 3% upper

Bollinger Band. For the outlook to weaken, markets need to take out the 50-dma

at 99.090 after key Fib support at 99.242.