(Z9) Bounce remains.............>

AUSSIE 3-YEAR TECHS: (Z9) Bounce remains insufficient

*RES 3: 99.410 - All Time High

*RES 2: 99.380 - Sep 2 High

*RES 1: 99.238 - 50-dma

*PRICE: 99.175 @ 15:03 GMT Sep 17

*SUP 1: 99.091 - 100-dma

*SUP 2: 99.070 - 38.2% Fib 98.520 - 99.410

*SUP 3: 99.024 - 23.6% 97.775 - 99.410

The well sustained downtrend over the past two weeks seems to have paused

somewhat, with prices stabilising for a second session. Nonetheless this bounce

remains insufficient and is not enough to signal or trigger any bullish

reversal. This keeps the 100-dma support at 99.091 in view. With Fib support at

99.104 giving way last week, markets remain open to a move below 99.00 in the

coming weeks. The recent print up at 99.39 last week will need to be revisited

to keep bulls in the game here, but momentum is pointing in the opposite

direction.