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AUSSIE 3-YEAR TECHS: (Z9) Suffers a Setback
*RES 3: 99.410 - All Time High
*RES 2: 99.380 - Sep 2 High
*RES 1: 99.345 - Recovery high
*PRICE: 99.295 @ 15:12 GMT Sep 30
*SUP 1: 99.142 - 100-dma
*SUP 2: 99.070 - 38.2% Fib 98.520 - 99.410
*SUP 3: 99.024 - 23.6% 97.775 - 99.410
Aussie 3 year futures held recent gains into the close of the week, but faltered
further Monday, slipping to test 50-dma support. The pullback is yet to show any
sign of a downside correction, however, with the recent bounce still in tact.
The outlook remains positive above the 50-dma with markets still targeting a
close above 99.33. Bears retain targets at the 100-dma and 99.075. Any fall
through here re-opens the bearish trend as markets eye levels last seen in June.