(Z9) Chips Away to Alltime......>

AUSSIE 3-YEAR TECHS: (Z9) Chips Away to Alltime Highs

*RES 3: 99.573 - 3.0% Upper Bollinger Band

*RES 2: 99.538 - 23.6% Extension of Sep 16 - Oct 4

*RES 1: 99.455 - All Time High

*PRICE: 99.420 @ 15:09 GMT Oct 4

*SUP 1: 99.361 - 23.6% Sep 16 - Oct 4

*SUP 2: 99.300 - 50-dma

*SUP 3: 99.231 - 23.6% Apr 15 - Oct 4

The bullish momentum clearly still has some legs, helping boost Aussie 3 year

futures to all time highs at 99.455. The initial move was triggered by the RBA

rate cut earlier in the week, which demolished well held support to the prior

highs of 99.415. This pushes upside targets higher to purely theoretical levels,

with vol band resistance at 99.573 and Fib extensions at 99.538 the first

targets. The 50-dma remains support, which bears will need to close below before

the outlook deteriorates. For now, bulls are in control.