(U9) Struggles to recover.......>

AUSSIE 3-YEAR TECHS: (U9) Struggles to recover

*RES 3: 99.697 - 1st Pivot Resistance (98.520-99.410)

*RES 2: 99.547 - 3% Upper Bollinger Band

*RES 1: 99.410 - All Time High

*PRICE: 99.355 @ 15:42 GMT Aug 14

*SUP 1: 99.257 - 38.2% Fib Retracement (99.010 - 99.410)

*SUP 2: 99.141 - 50-dma

*SUP 3: 98.940 - 100-dma

Having hit all time highs at 99.410 last week, the corrective pullback moderated

slightly Wednesday, with markets still eyeing near-term support at 99.257. A

more prolonged pause in the uptrend 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 clear Fib support at 99.257, ahead of the

50-dma at 99.133.