(Z9) Insufficient bounce *RES...>

AUSSIE 3-YEAR TECHS: (Z9) Insufficient bounce

*RES 3: 99.410 - All Time High

*RES 2: 99.380 - Sep 2 High

*RES 1: 99.234 - 50-dma

*PRICE: 99.125 @ 15:10 GMT Sep 16

*SUP 1: 99.086 - 100-dma

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

*SUP 3: 99.024 - 23.6% 97.775 - 99.410

After the well sustained downtrend over the past two weeks or so, prices

stabilised somewhat Monday. Nonetheless the bounce is not enough to signal or

trigger any bullish reversal, keeping the 100-dma support at 99.086 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.