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FOREX

Lowe Speech Fails To Buoy AUD

CNH

Trade Data Due Over The Weekend

RBA

No Curve Balls From Lowe To Start

Bearish conditions dominate:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Bearish conditions dominate:
*RES 4: 0.8975 High Sep 13
*RES 3: 0.8962 Channel resistance drawn off Aug 12 high
*RES 2: 0.8902 High Sep 16
*RES 1: 0.8894 High Sep 19
*PRICE: 0.8873 @ 08:23 GMT Sep 26
*SUP 1: 0.8803 Low Sep 25
*SUP 2: 0.8787 Low Sep 19 and bear trigger
*SUP 3: 0.8772 Low May 22
*SUP 4: 0.8754 Bear channel base drawn off the Aug 12 high
No change in EURGBP with bearish conditions still dominating. The cross has
reached the 0.8809, 61.8% Fibonacci retracement and attention is on 0.8772 and
0.8725, May 22 and 21 lows respectively. These mark the next objectives.
Momentum and moving average studies continue to point south highlighting the
current bearish theme. On the upside, resistance is located at 0.8894, Sep 19
high. Bear channel resistance is at 0.8962.